Asset management giant T. Rowe Price has opened a third innovation centre in New York where it will concentrate on developing machine learning, analytics and other advanced technologies. The firm is also working with the US Department of Homeland Security to develop new technologies that can be used for border security purposes. It will hire as many as 60 people for the project, it added.
Asset management giant T. Rowe Price has opened a third innovation centre in New York where it will concentrate on developing machine learning, analytics and other advanced technologies. The Baltimore-based company, which already has similar hubs in its hometown and London, said the centres will focus on solutions that can optimise its trading and customer experience functions. It will hire as many as 60 people for the project, it added.