If banks want to continue to cut costs, then they need to deploy nascent tech such as blockchain and machine learning. Banks are partnering with fintechs to spread risk and cost, and building the tech that will differentiate themselves in-house. Technologies like AI, machine learning, and blockchain have become buzzwords on Wall Street, and for good reason.Wall Street banks have realized they can't do it all themselves
If banks want to continue to cut costs, then they need to deploy nascent tech such as blockchain and machine learning. Banks are partnering with fintechs to spread risk and cost, and building the tech that will differentiate themselves in-house. Technologies like AI, machine learning, and blockchain have become buzzwords on Wall Street, and for good reason.
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Saturday, November 11, 2017
Wall Street banks have realized they can't do it all themselves
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