(The Business Insider) It has been said that Wall Street dealmaking is more art than science. That could be changing.
JPMorgan, which is spending big on technology as it looks to cut costs and increase efficiency, last year launched a predictive recommendation engine to identify those clients which should issue or sell equity. And now, given the initial success of the engine, it’s being rolled out to other areas.
Machine Learning is Now Used in Wall Street Dealmaking, And Bankers Should be Worried
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