See also, e.g., U.S. Department of the Treasury, A Financial System That Creates Economic Opportunities (Washington: U.S. Department of the Treasury, June 3, 2018), https://home.treasury.gov/sites/default/files/2018-07/A-Financial-System-that-Creates-EconomicOpportunities---Nonbank-Financi....pdf; Brainard, “Where Do Consumers Fit in the Fintech Stack?”; and American Bankers Association, “Understanding Artificial Intelligence.”  -4saving them the waiting time to speak with a live operator.
Second, there is the potential for strengthening back-office operations, such as advanced models for capital optimization, model risk management, stress testing, and market impact analysis. Third, AI approaches could be applied to trading and investment strategies, from identifying new signals on price movements to using past trading behavior to anticipate a client’s next order.