Financial technology providers Finbourne Technology and Alkymi are launching an integrated credit risk monitoring solution for the private credit industry that is intended to end the manual effort associated with processing private credit data, officials say. In short, the partnership between them has led to the new solution that offers early detection of deteriorating credit… Read More >>
SS&C & Thornburg Tap GenA.I. for Sales Solution
SS&C Technologies has launched “a generative A.I.-based sales enablement solution” that officials say they developed with Thornburg Investment Management and integrated into customer relationship management (CRM) platforms. The new solution is intended to provide sales teams with “fast, consolidated access to critical financial advisor insights,” according to SS&C. “Leveraging GenA.I., the application enhances the process… Read More >>
BNY Integrates Eliza A.I. with Google’s Gemini
Officials at BNY and Google Cloud have announced the integration of Google Cloud’s agentic artificial intelligence (A.I.) platform, Gemini Enterprise, with its advanced models into BNY’s enterprise A.I. platform, Eliza. “Our collaboration with BNY is at the forefront of the agentic era in finance,” says Rohit Bhat, general manager and managing director of financial services,… Read More >>
Clearwater Analytics Embeds GenAI Into Its Ops Platform
Clearwater Analytics (CWAN), a cloud-native provider of an integrated, front-to-back office operations platform for institutional investors, has unveiled CWAN GenAI, a “production-ready” layer embedded with generative artificial intelligence capabilities intended to improve investment management, risk management, reporting, and securities operations across more than $10 trillion in institutional assets, officials say. CWAN clients can access CWAN… Read More >>
Equity Data Science Unveils ‘Fusion’ Initiative
Equity Data Science (EDS), a provider of investment process management (IPM) technology to hedge funds and asset managers, has launched a new generative artificial intelligence (A.I.) initiative called Fusion. Generative A.I. — designed to produce new content rather than simply analyze or categorize existing data — is being adopted across industries, including financial services. EDS… Read More >>
Building Trust in A.I. Models is Crucial: SSGA’s COO
(In April, the U.S. Commodity Futures Trading Commission (CFTC) outlined its stance on artificial intelligence (A.I.) in financial operations. Speaking at the Global Alternative Investment Management Ops A.I. Summit, CFTC Commissioner Kristin N. Johnson noted that while A.I. is improving efficiency, it is also introducing new risks. She urged firms to strengthen oversight of A.I…. Read More >>
Flexibility Is Key to Optimal Client Reporting: FactSet
(P. McKay Marschalk Jr., CFA, vice president, director, reporting and distribution product management at FactSet, took time out of his busy schedule to answer questions about current data demands, outsourcing vs. internal control, third-party databases and questionnaires, and FactSet’s embrace of a generative A.I. commentary solution. The through-line for all of these concerns is maintaining… Read More >>
Capco Is Working With OpenAI
Technology and management consultancy Capco is collaborating with OpenAI, the maker of ChatGPT, and the effort is intended to combine OpenAI’s innovations with Capco’s financial services domain expertise, officials say. ChatGPT is a chatbot based upon generative artificial intelligence (A.I.) technology known as the GPT-4o large language model (LLM), officials say. Like all chatbots, ChatGPT… 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 >>
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 >>
