Commerzbank Replacing Human Inquiry Analysts Amongst Artificial Intelligence

Sorry, that's a span also far, it's fourth dimension to bang the looms 'puters.
(metaphor political party mix)

From ZeroHedge:

Commerzbank is hoping that computers volition presently last able to orbit at to the lowest degree equally proficient a task writing its equity query reports equally the armies of junior analysts that the large banks are no incertitude looking to bring down thank y'all to expensive MifidII regulations as well as restrictions that own got cutting funding costs for query departments.

Even equally its captured the attending of banking concern executives, automated as well as computerized equity analysis has, for the almost part, been a disaster over the final duad of years. While about larger firms may utilisation algorithms as well as about automation to crank out macro economical reports, as well as piece computers may last getting ameliorate at scraping as well as reporting information (without genuinely analyzing it), performing equity analysis requires a deeper await behind the numbers as well as its exactly non a task optimized for automation.

However, nosotros are evidently at that phase inward the cycle where cutting costs becomes far to a greater extent than of import as well as then beingness productive or effective, especially since MiFid II is forcing a race to bottom equally investment banks try out deep cuts inward their query departments, driven yesteryear a driblet inward revenue that has accompanied beingness forced to accuse a separate, optional, charge per unit of measurement for query instead of bundling those costs amongst trading fees.

One of these competitors, Germany's 2nd largest banking concern has decided that the fourth dimension has come upwards to automate about of its equity analysis, as well as according to the Financial Times "Commerzbank is experimenting amongst artificial intelligence technology that automatically generates sports reports to encounter if it tin write basic analyst notes, equally Mifid II forces banks across the globe to bring down query costs."

The High German banking concern is working on the projection amongst Retresco, a content automation fellowship inward which it invested ii years agone through its fintech incubator unit. The projection is withal at an early on phase as well as could own got years to create reports that banks would last happy to mail to their clients, but the notion of AI replacing human query analysts is already attracting attending from senior bankers....

...MORE

As noted dorsum inward 2016's:

Artificial Intelligence as well as the Role Of the Literary Critic

First they came for the literary theorists as well as I did non utter out because--well, y'all know the drill.* 

*First they came for the journalists as well as I did non utter out-
Because I was non a journalist.

Then they came for the advertising way creatives as well as I did non utter out-
Because I was non an advertising way creative. (see below)

Then they came for the fiscal analysts as well as I
said 'hang on i effin minute'.