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Recorded Webinar: Potential and pitfalls of large language models and generative AI apps
Large language models (LLMs) and Generative AI applications are a hot topic in financial services, with vendors offering solutions, financial institutions adopting the technologies, and sceptics questioning their outcomes. That said, they are here to stay, and it may be that early adopters of Generative AI apps could gain not only operational benefits, but also…
Broadridge Offers AI Tools to Help Asset Managers Optimise Product, Strategy and Distribution Decisions
Broadridge Financial Solutions is offering two AI-enabled analytics tools to optimise product, strategy and distribution decision-making for asset managers. DistributionAI is a natural language digital analyst tool within Broadridge’s Distribution Insight platform that provides access to proprietary global asset management market intelligence and research reports to help asset managers optimise distribution, product development, and sales…
Quantexa Opens Asia-Pacific Headquarters in Singapore
Quantexa, a provider of decision intelligence solutions, has opened Asia-Pacific headquarters in Singapore. The opening is part of a broader regional expansion plan and follows the July 2023 start of Quantexa’s Japan operations in Tokyo and long-standing presence in Melbourne, Sydney and Malaysia. Further expansion into Hong Kong is expected in 2024. The regional headquarters…
Snowflake Cortex Simplifies Route to Deriving Value from Generative AI
Snowflake has unveiled Snowflake Cortex, an innovative managed service designed to simplify how organisations derive value from generative AI. The service provides access to large language models (LLMs), AI models, and vector search functionality in the Snowflake Data Cloud, and includes serverless functions that help users accelerate analytics and build contextualised LLM-powered apps within minutes,…
Rimes Releases Data lakehouse Designed to Provide Insights from Diverse Data Sources
Rimes has released the Rimes data lakehouse, a service that combines the advantages of a data lake and a data warehouse to enable asset managers and owners to quickly access structured and unstructured data and derive valuable insights from diverse data sources. The lakehouse comprises an advanced data storage, processing and distribution platform delivered as…
Ofi Invest Asset Management Selects Clearwater Solution to Power Investment Accounting
Ofi Invest Asset Management, part of France’s Ofi Invest Group, has chosen Clearwater Analytics SaaS platform to power its investment accounting management, reporting, and services. The asset manager offers its institutional clients the service of managing their investment accounting function across their entire portfolios. In this context, Ofi Invest Asset Management has chosen Clearwater Analytics…
Moody’s and Google Cloud Partner to Build Large Language Models and Generative AI Apps
Moody’s Corporation and Google Cloud have made a strategic partnership to explore a combination of Moody’s expertise in financial analysis and Google Cloud’s generative AI (gen AI) technologies to help Moody’s customers and employees use large language models (LLMs) to gain financial insights and summarise financial data faster. This is Moody’s second key partnership on…
Mackenzie Investments Selects Bloomberg to Manage ESG data
Mackenzie Investments, a large Canadian investment management firm, has selected Bloomberg to manage its ESG data. The data vendor’s cloud-based Data License Plus (DL+) ESG Manager will be used to host the acquisition, management and publishing of multi-vendor ESG data, allowing the firm to implement ESG investing approaches more efficiently and develop more sophisticated ESG-focused…
Alveo Research Points to Cost and Operational Benefits of Cloud Data Management
In a recent survey commissioned by Alveo, 62% of senior decision-makers believe that transferring market data to the cloud can reduce their total cost of ownership (TCO), with 77% in agreement in Asia-Pacific, compared to 46% in the UK/US. Additionally, the adoption of cloud data management is viewed as a catalyst for changes in operational…
Bloomberg Adds Intraday BVAL Front Office Pricing Solution for Fixed Income Trading
Bloomberg has released Intraday BVAL (IBVAL) Front Office, a distinct but complementary offering to Bloomberg’s evaluated pricing service, BVAL, that uses a machine learning model to handle the intricacies of consuming billions of ticks of market data to produce frequent pricing for real-time trading decisions. The front office product delivers prices as fast as every…