Simudyne has been featured in the Financial Times.
Check out the full article here.
Artificial intelligence could soon be powering a new way of making decisions across Barclays’ trading, lending and risk management divisions after the UK bank became the flagship customer of AI simulation firm Simudyne Technology.
Simudyne allows banks to create computer models that simulate millions of possible future scenarios, allowing them to test how individual factors will perform and interact with each other in a vast array of situations.
At the moment, banks largely rely on models that extrapolate data from historical data, complemented by complex and expensive simulations in niche areas such as valuing options.
“Simulations based on agent-based modelling techniques allow banks to account for the ability of agents — the people, firms, traders and so on — to deviate from rationality, optimise or exploit their environment,” said Justin Lyon, Simudyne chief executive. “Given a policy change, these models can be used to see how a system will reconfigure itself — allowing machine intelligence to stay ahead of the human responses.”
