A new survey from SS&C Technologies finds that artificial intelligence, particularly in its more advanced iterations, has captured the imagination of executive and senior IT and operations managers at financial services firms. However, firms need to do much more groundwork, such as building “the foundations — governance, trust, skills, readiness and more” before embracing advances… Read More >>
‘ChatGIPS’ Brings Together A.I. & Industry Standards
ChatGPT, the well-known chatbot system using artificial intelligence (A.I.) and developed by OpenAI, has crossed paths with the Global Investment Performance Standards, or GIPS, which are the voluntary ethical guidelines for performance measurement and client reporting created and maintained by the CFA Institute, and the ChatGIPS chatbot now exists in the world. Just to remind… Read More >>
Broadridge Applies GenA.I. Analytics to Ops Minus Hallucinations
Post-trade services and systems provider Broadridge Financial Solutions has integrated an advanced analytics feature into its OpsGPT application that is intended to help broker-dealers and banks retrieve actionable insights quickly minus the complexity of traditional reporting tools, officials say. Applying A.I.-based technologies to established securities operations systems is happening in fits and starts and not… Read More >>
A Roundup of Predictions for 2025
I’m a little late to the predictions party but please indulge me. This is a completely unscientific, random, and unusual set of predictions for this year and maybe a little beyond. I have scanned the usual suspects and unorthodox places and presented a variety of points of view while adding a few of my own…. Read More >>
GenA.I. & WhatsApp Are Top Compliance Risks: Report
Systems that use Generative A.I. (GenA.I.) technologies and communications based upon the WhatsApp instant messaging (IM) and voice-over-IP (VoIP) service are high on the lists of compliance risks at financial services firms, according to a new survey from Global Relay, a provider of digital communications and recordkeeping. Global Relay’s second annual “Data Insights Report: Communication… Read More >>
iCapital Adds A.I. Features via AltExchange Acquisition
Fintech platform provider iCapital intends to enhance its artificial intelligence (A.I.) and machine learning (ML) capabilities with the acquisition of alternative investment data aggregator AltExchange, officials say. Officials at iCapital add that the acquisition will also help the company to streamline post-investment processes and improve decision-making for private market participants. Terms of the agreement were… Read More >>
ESG Data, A.I. & DLT Top IT Agendas
Despite controversy and predictions of its death, principled investments based upon environmental, social, and governance (ESG) concerns are alive and kicking as evidenced by growing demands for ESG data. Also very much alive are artificial intelligence (A.I.) technologies, which could prove to be cost-effective for automated compliance and regulatory reporting, and for middle- and back-office… Read More >>
Google Cloud’s Quant Collaboration Has Lessons for Ops
We at FTF and FTF News focus much of our attention on post-trade operations. But every once in a while we take a look at some of the breakthroughs happening in the front office. Such advances ripple through to the middle- and back-office Ops teams. A case in point is the quantitative trading firm Hudson… Read More >>
Global Relay Links to OpenAI’s ChatGPT API
Global Relay, a provider of communications compliance solutions, is embracing a generative artificial intelligence (A.I.) technology provider to help its financial services clients, officials say. For instance, the self-regulatory organization (SRO) Financial Industry Regulatory Authority (FINRA) has requirements for overseeing A.I. chatbot communications, “mandating that AI-driven communications must adhere to the same supervision, content, and… Read More >>
Yext Acquires Hearsay Systems for $125M
Yext, Inc., a digital presence company, is acquiring Hearsay Systems, a compliance provider for digital communications, for $125 million and will add Hearsay’s offerings to its own, officials say. Yext will also augment the combined offerings with artificial intelligence (A.I.) technologies, officials add. Yext applies A.I. and machine learning technologies to customer engagement, automated workflows… Read More >>
