Robots Reading Trader Chats to Stop Next Wave of Bank Fines

  • Nasdaq is partnering with technology firm Digital Reasoning
  • Banks are largely unable to monitor calls, says Fonetic CEO

Monitors displaying market information are seen through a window in Times Square in New York.

Photographer: Scott Eells/Bloomberg

Robots are automating yet another bank job: the task of sifting through traders’ messages to spot foul play, a process currently carried out by legions of human employees.

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