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    HSBC is redesigning its AI division. The bank recently integrated its generative artificial intelligence capability and data, analytics and CRM capability for its wholesale bank including global banking and commercial banking, renaming it as the Office of Applied Artificial Intelligence (OAAI).

    “This consolidation enhances our artificial intelligence capabilities and aligns our resources for growth and opportunity, generating value at scale,” said HSBC in a statement.

    Appointed to lead the OAAI is Edward J Achtner (EJ), reporting to Marc Ellis.

    HSBC launched its digital service offering in May, aimed at enhancing the way institutional investors connect to the markets globally. Named AI Markets, the service uses natural language processing (NLP) to enhance institutional interaction with the markets including allowing them to generate bespoke analytics and gain access to HSBC’s cross-asset data sets.

    https://www.gbm.hsbc.com/en-gb/products/hsbc-ai-markets

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