Simudyne has been featured in Lend Academy.
Check out the full article here.
Excerpt
More recently Barclays contracted a deal with AI simulation firm Simudyne Technology. Barclays is looking to leverage the firm to help make better decisions in trading, lending and risk management. Simudyne forecasts millions of potential scenarios so Barclays can better understand what might happen in certain instances. This would move the bank away from relying on historical data but instead allow them to forecast out models.
This is only a small snapshot of what financial firms are doing with artificial intelligence. As you can see the uses can range from the very basic to complex modeling.
Most firms have said AI and machine learning will not eliminate jobs but enhance them. This might be true in the short term as most companies are just getting their hands around using these new technologies. In the long term they will need to address how much automation can be done and how many lower end workers will wind up being cut.
