The company is bolstering it OMS, portfolio accounting/reporting, and manager/client portal offerings via A.I.
INDATA, a software and services provider for the buy side, has enhanced its order management system (OMS), portfolio accounting/reporting support, and manager/client portal offerings in an effort to offer productivity improvements for its clients, officials say.
The provider of cloud-native, software-as-a-service (SaaS) technology and managed services is offering the following improvements:
- INDATA AI Agent for:
- Querying data from INDATA’s Master Data Model (MDM) using large language models; and
- A natural language user interface for data requests with the ability to validate results and create formatted output
- New front office OMS/portfolio management functions for Architect A.I. users that need to boost productivity for traders, portfolio managers, and compliance officers;
- Automated trade settlement features with NYFIX Matching and INDATA billing rebates for NYFIX network clients; and
- Reporting Pack Functions for Architect A.I. Reporting that:
- Lets end users create their report packs from multiple standardized system reports; and
- Additional embedded data visualizations based on integrated Microsoft Power BI.
INDATA also reports that its client Dana Investment Advisors, based in Brookfield, Wisc., has implemented INDATA’s SaaS solutions on a front-to-back-office basis via INDATA’s iPM Private Cloud. “Dana initially started with INDATA for their OMS needs and then added INDATA’s other modules for middle and back office,” officials add.
“INDATA’s A.I. functionality mirrors our own internal work that we have been doing with A.I. and validates our approach for having predictable results accompanied by high standards surrounding controls involving data security and data privacy,” says Mark Mirsberger, CEO of Dana Investment Advisors, in a prepared statement.
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