“Alexa, ask JPMorgan what the price target for Apple is.”It’s a request that JPMorgan Chase & Co. institutional clients can now get quickly answered through Amazon.com Inc.’s ubiquitous voice-activated assistant. The bank and the e-commerce giant have partnered to provide JPMorgan’s Wall Street users with another way to access its research. Alexa is able to send analysts’ reports and related queries, and the bank is testing other features, like providing prices on bonds or swaps, according to David Hudson, global head of markets execution for the New York-based bank.Voice assistants are “clearly becoming something people are habituated to in their lives,” Hudson said. “It’s about taking information that’s somewhere in the bank, that someone has to generally go and look for, or which is time-consuming or requires authentication to get, and putting that to you in another channel.”As clients’ habits evolve, firms have been finding ways to adapt popular retail technologies for the business world. While JPMorgan is one of the first to push the Alexa virtual assistant to institutional shops, other banks have been using the service in their consumer operations. And New York Life Insurance Co. is among financial companies building programs that use Alexa as a tool… Read full this story
- Wall Street Plans Large Job Cuts As Remote Work And Tech Take Over
- Netflix, Amazon Win New Favour After Wall Street Sell-Off
- Wall Street Week Ahead: Investors bet on second wind for lagging US small caps
- There is no fear on Wall Street. Only greed
- Wall Street Grudgingly Allows Remote Work as Bankers Dig In
- New COVID variant drives Wall Street "fear index" to highest level since vaccine rollout began
- Etsy Was a Twee Culture Punchline. Now It’s a Wall Street Darling.
- Rivian soars above US$98 billion value in Wall Street debut, zipping past Ford and GM
- Wall Street Billionaire Leon Cooperman Warns Market Is ‘Not Going To End Well’—But He Still Likes These 5 Investments
- From Wall Street’s Greatest Trade To The Top Dealmakers And Financial Entrepreneurs: 30 Under 30 In Finance 2021
JPMorgan Brings Amazon’s Alexa to Wall Street Trading Floors have 337 words, post on www.bloomberg.com at March 26, 2018. This is cached page on GameMax. If you want remove this page, please contact us.