Japanese bank Nomura has taken a 22 percent stake in AI startup Aim2 to apply the technology to financial markets; the bank will use AI to price trades and markets in their wholesale business, initially focusing on fixed income, currencies and commodities division, or FICC; the move is a troubling sign for traders who have seen jobs become more limited in recent years due to advancements in technology; FICC has come under significant pressure in recent years with revenues falling across the world, including 15 percent in the U.S. since 2013. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.