Steps Ahead
Harnessing the power of AI and automation to transform FICC information into actionable insight
Current market conditions have created a turbulent period for banks across the globe. For those that have remained profitable, a laser-sharp focus on efficiency has become central to their businesses. Sales and trading teams must be equipped with tools to improve productivity and efficiency in a cost-effective manner against a backdrop of cost cutting and headcount slimming.
Thankfully, AI and automated data analytics technology can change the ways in which FICC-trading investment banks can engage with their clients and help them do more with less. As McKinsey stated in a recent report, to capitalise on the opportunities of AI, investment banks “can make targeted investments that will drive productivity tailored to their unique client and product franchises. They will need to pay particular attention to choosing the right gen AI use cases, building capabilities that can scale, and managing the associated risks.”
Taking interest rate swaps as an example, how can an automated, AI-driven data analytics solution turn raw, unstructured data into an actionable insight and help FICC traders and salespeople do more with less?
