Thursday, March 4, 2021
  • Setup menu at Appearance » Menus and assign menu to Top Bar Navigation
Advertisement
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News
No Result
View All Result
NikolaNews
No Result
View All Result
Home Machine Learning

Collaboration key to leveraging AI and machine learning in financial advice

January 14, 2019
in Machine Learning
Collaboration key to leveraging AI and machine learning in financial advice
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

Credit: Google News

Greater collaboration across the Australian financial services industry is required in order to help financial advisers leverage the full potential of artificial intelligence and machine-learning technology, according to education provider Kaplan Professional and regtech pioneer Red Marker.

You might also like

AI and machine learning’s moment in health care

Could Privacy-Preserving, Machine-Learning Tools Recover Private Data? [STUDY]

The use of artificial intelligence in life sciences and the protection of the IP rights

Matt Symons, Red Marker CEO, said there needs to be a mindset change in how AI and machine-learning tools can best assist the industry.

“It is important both dealer groups and vendors progress with realistic expectations, particularly around the ‘pre-work’ that needs to be done to ensure financial advice can become an ideal candidate for automated solutions,” Symons said. “If the financial services industry wants to increase the likelihood that effective statement of advice (SoA) review solutions emerge at a faster rate, then we need to come together and collaborate… working together is going to be key to developing highly reliable, automated review solutions.”

The two organisations said that before the industry could leverage AI and machine learning in financial advice, existing pre-conditions needed to be in place, including managing expectations, recognising the limitations in training data, and resolving diverging approaches to SoA construction, automatic programming language, and product comparison logic.

“Unless you have standardised inputs, you won’t have standardised outputs,” Symons said.

Brian Knight, Kaplan Professional CEO, said the industry should use the next 12 months to come up with “clearer and crisper” documentation and procedures.

“It needs to be down to the level where the industry can utilise these technologies to assist those on the frontline, while training the next generation and retraining existing advisers on their exact obligations,” Knight said.

Credit: Google News

Previous Post

3 Things We Can Expect More from Chatbot in 2019 – Becoming Human: Artificial Intelligence Magazine

Next Post

19 Controversial Articles about Data Science

Related Posts

AI and machine learning’s moment in health care
Machine Learning

AI and machine learning’s moment in health care

March 4, 2021
Could Privacy-Preserving, Machine-Learning Tools Recover Private Data? [STUDY]
Machine Learning

Could Privacy-Preserving, Machine-Learning Tools Recover Private Data? [STUDY]

March 4, 2021
Machine learning: is there a limit to technological patents in Brazil?
Machine Learning

The use of artificial intelligence in life sciences and the protection of the IP rights

March 4, 2021
AWS launches webinar for marketers looking to maximise their machine learning strategy
Machine Learning

AWS launches webinar for marketers looking to maximise their machine learning strategy

March 4, 2021
Deno 1.8 preps for GPU-accelerated machine learning
Machine Learning

Deno 1.8 preps for GPU-accelerated machine learning

March 4, 2021
Next Post
19 Controversial Articles about Data Science

19 Controversial Articles about Data Science

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

Plasticity in Deep Learning: Dynamic Adaptations for AI Self-Driving Cars

January 6, 2019
Microsoft, Google Use Artificial Intelligence to Fight Hackers

Microsoft, Google Use Artificial Intelligence to Fight Hackers

January 6, 2019

Categories

  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Crypto News
  • Data Science
  • Digital Marketing
  • Internet Privacy
  • Internet Security
  • Learn to Code
  • Machine Learning
  • Marketing Technology
  • Neural Networks
  • Technology Companies

Don't miss it

AI and machine learning’s moment in health care
Machine Learning

AI and machine learning’s moment in health care

March 4, 2021
The Examples and Benefits of AI in Healthcare: From accurate diagnosis to remote patient monitoring | by ITRex Group | Mar, 2021
Neural Networks

The Examples and Benefits of AI in Healthcare: From accurate diagnosis to remote patient monitoring | by ITRex Group | Mar, 2021

March 4, 2021
Welcome to events Thursdays: Thursday’s daily brief
Digital Marketing

Welcome to events Thursdays: Thursday’s daily brief

March 4, 2021
How to Change the WordPress Admin Login Logo
Learn to Code

React authentication, simplified

March 4, 2021
Six courses to build your technology skills in 2021 – IBM Developer
Technology Companies

Kafka Monthly Digest – February 2021 – IBM Developer

March 4, 2021
Microsoft: We’re cracking down on Excel macro malware
Internet Security

Microsoft: We’re cracking down on Excel macro malware

March 4, 2021
NikolaNews

NikolaNews.com is an online News Portal which aims to share news about blockchain, AI, Big Data, and Data Privacy and more!

What’s New Here?

  • AI and machine learning’s moment in health care March 4, 2021
  • The Examples and Benefits of AI in Healthcare: From accurate diagnosis to remote patient monitoring | by ITRex Group | Mar, 2021 March 4, 2021
  • Welcome to events Thursdays: Thursday’s daily brief March 4, 2021
  • React authentication, simplified March 4, 2021

Subscribe to get more!

© 2019 NikolaNews.com - Global Tech Updates

No Result
View All Result
  • AI Development
    • Artificial Intelligence
    • Machine Learning
    • Neural Networks
    • Learn to Code
  • Data
    • Blockchain
    • Big Data
    • Data Science
  • IT Security
    • Internet Privacy
    • Internet Security
  • Marketing
    • Digital Marketing
    • Marketing Technology
  • Technology Companies
  • Crypto News

© 2019 NikolaNews.com - Global Tech Updates