Business Intuition

Fintech Workforce to Expand Thanks to AI

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Fintech Workforce to Expand Thanks to AI Dave Csiki headshot

 

Cambridge University predicting that fintech workforce will expand by 19% by 2030 due to AI (read the full article here).

For buy-side investment managers, AI tools such as natural language processing (NLP), machine learning and data analytics can be game changers with regards to productivity within the front and middle office. That being said, people are still at the heart of any given process and portfolio managers, traders, compliance and ops staff are as essential as ever. Forward looking managers are looking to add AI related skillsets to their organizations and the best way of doing so is by moving away from expensive legacy/incumbent OMS/PMS systems as quickly as possible and selecting new software partners, which often reduces system costs and adds to the bottom line.

David Csiki

Author

David Csiki is the Managing Director and President of INDATA, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting, and front-to-back office technology solutions. Prior to joining INDATA, Csiki was Manager of Marketing and Investor Relations at NYFIX, Inc. and was instrumental in developing the product concept and planning the successful launch of the company’s flagship product, NYFIX, a FIX broker network.