Expert systems in banking and securities

✍ Scribed by Ovum Ltd.

• Publisher: Elsevier Science
• Year: 1988
• Tongue: English
• Weight: 119 KB
• Volume: 1
• Category: Article
• ISSN: 0950-7051
• DOI: 10.1016/0950-7051(88)90036-6

✦ Synopsis

This report shows that the world's leading banks are all active in building artificial intelligence applications. Some smaller banks are already involved; nearly all of them are watching the technology with interest. These users expect expert systems to be as influential as database technology. Some of the reasons for this include:

• Banking and securities trading are people based. The quality of information and knowledge is all important. Banks and securities houses need to exploit the skills of their best staff. • These industries are already computer intensive, and they can take advantage of existing data and computer integration. • Increasingly complex international banking and trading tasks need powerful computer support, which expert systems can help to facilitate.

• Banking and trading are becoming more competitive, and any improvement is efficiency or service is at a premium.