Manulife developing AI to analyze financial data

Manulife Financial is working with indico data solutions on artificial intelligence (AI) that will review data from sources such as news articles and analysts’ reports and present recommendations to help investment researchers and portfolio managers make more informed decisions. On August 26, the insurer announced that its Lab of Forward Thinking (LOFT) is working with the Boston-based indico on an artificial intelligence (AI) and deep learning tool that will be able to analyze unstructured financial data. Manulife and its John Hancock brand in the United States have established LOFT offices in Boston, Toronto, and Singapore that are working to make the most of new technologies such as AI, blockchain, and virtual reality. In this case, the insurer is using indico’s platform to decipher natural language and train the computer to…

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