Nasdaq Turns to AI to Improve Bank and Insurance Risk Assessment

Nasdaq has introduced technology to calculate investment portfolio risk using machine learning.The new functionality, announced Thursday (Oct. 17), will be woven into Nasdaq’s Calypso platform, used by banks, insurers and other financial institutions to do things like access capital markets, manage risk and adhere to regulatory reporting obligations.“Nasdaq’s machine learning technology is combined with a sophisticated form of mathematical modeling that can significantly improve the efficiency of conducting ...