
A conversation with Renaissance Technologies CEO Peter Brown
Goldman Sachs Exchanges
Automating Financial Processes and Margin Calculations
The speaker discusses how they automated various financial processes, such as replicating counterparty's margin calculations, using AI systems to read and pay invoices, and automating the Treasury Department for cash and margin management. They emphasized the unnecessary involvement of humans in translating trades to monthly statements and highlighted the ongoing effort to reduce Excel usage and eliminate spreadsheets by 97% in the company.
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