Nomura Partners with Aim2 to Deploy AI in Financial Markets

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 Chief Product Officer of LendIt Fintech.

He 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.

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