Archive: April 2, 2017

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The Future is Arriving Quickly: Global Asset Manager Migrating to Computer-Based Management
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European Commission launches a public consultation on FinTech

The Future is Arriving Quickly: Global Asset Manager Migrating to Computer-Based Management

By C. Todd Gibson

On 29 March, a large asset manager announced a strategic overhaul of portions of its active equity management approach, focusing on the use of quantitative modeling over “traditional” human active management.  Click here for a copy of the press release.

Just a couple of weeks ago, our Pittsburgh office hosted its inaugural artificial intelligence program, The Artificial Intelligence Gateway For the Investment and Business Community that featured keynote speakers and panel discussions regarding the increasing awareness of artificial intelligence (AI) across all industries and the impact this new form of technology will have on business.  It was fascinating to hear from our keynote speakers about how AI actually works, how AI is used in self-driving cars, and future use of AI in various industries, from manufacturing to financial services.  In addition, one of the panels, focused on robo-advice and AI, where we discussed technological growth and how AI might be used in the investment management industry and some of the related regulatory and fiduciary issues.

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European Commission launches a public consultation on FinTech

By Giovanni Campi and Ignasi Guardans

On 23 March 2017, the European Commission launched a public consultation on FinTech, seeking feedback on how to create “a more competitive and innovative European financial sector”. This represents an important step in the Commission’s work to define a European policy and regulatory framework for FinTech, after the set up of an internal Financial Technology Task Force in November last year.

The European Commission outlines three core principles that will underpin its FinTech approach:      i) technological neutrality; ii) proportionality; and iii) market integrity.

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