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ISDA Finds GenAI Highly Accurate in Contracts Process but Stresses Need for Good Data
The International Swaps and Derivatives Association (ISDA) has found that a range of generative artificial intelligence models can achieve a very high level of accuracy in extracting and standardising contract details into digital form. The findings suggest that AI can be deployed to reduce time and resources as well as risks when processing data within…
Modern Data Platforms Empower Critical Use Cases: Webinar Preview
No longer is it enough for financial institutions to be simply “on top” of their data management architecture. They need to be constantly looking for the next innovation to keep them ahead of the game in this fast-moving space. That’s why modern data management platforms are the focus of so many organisations at the moment….
S&P Global’s iLevel Private Markets Tool Updated with Document Search
S&P Global Market Intelligence has updated its private asset portfolio management capabilities with the launch of iLevel Document Search, an artificial intelligence-powered tool that can extract insights from a variety of unstructured data sources. The latest augmentation of the iLevel suite has includes natural language querying, annotations for traceability and permissions-based search results for confidentiality….
11 Providers Shaping the Capital Markets Data Governance Landscape
The vast volumes of data that capital markets participants are ingesting as a matter of necessity have placed new demands on their data estates. At a time of market volatility, increased regulatory scrutiny and growing requirements for real-time insights, keeping control of how their data is ingested, distributed and utilised has become a growing challenge….
Acuity in ‘World-First’ Deal to Bring Databricks’ DIP to Clients
Acuity Knowledge Partners’ 650-plus financial services clients will be able to use the Databricks Data Intelligence Platform to automate data-driven workflows and decision making in what the company has described as a “world-first deal”. “Acuity is the first firm of its kind to bring Databricks to market for financial services firms,” said Jon O’Donnell, Chief…
Anthropic’s Financial Industry Claude Iteration Aimed at Easing AI Adoption
Large language model (LLM) builder Anthropic may have the solution to assuaging financial institutions’ doubts about generative artificial intelligence deployment in their analytics and decision-making workflows, having created a model that has been designed specifically for the industry. Claude for Financial Services, part of the San Francisco-based company’s Claude for Enterprise suite, comprises capabilities that…
Aumni Acquisition Thrusts CUSIP into Private Markets Space
CUSIP Global Services (CGS) has agreed a deal with data provider Aumni to bring yet more transparency to rapidly growing and economically important private markets. The venerable provider of issuer and asset identifiers will use Aumni’s data, drawn from charter documents for venture capital firms, to create a set of its CUSIP identification codes for…
EU’s AI Act Loads Data Responsibilities on Institutions but also Offers Opportunities
Financial institutions are under pressure to put their data estates in order as the European Union’s artificial intelligence regulation comes into force this week, threatening huge fines for failures to observe its tough rules on the safe and fair use of the technology. Nevertheless, the introduction of stringent measures that will place new compliance burdens…
Alkymi Sees Rapid Growth After Founders Bet Early on Privates and AI
When Harald Collet co-founded Alkymi in 2017, he could see which way the wind was blowing in private and alternative assets, especially their growing interest to traditional capital markets participants. He could also sense the burgeoning demand for artificial intelligence applications within the investment space. And so it was that Alkymi was born almost fully…
AXA, Ardea Implement SimCorp Services for Portfolio and Risk Management
Global insurance giant AXA is to deploy financial technology provider SimCorp’s SimCorp One platform alongside SimCorp Managed Business Services to aid in its portfolio- and risk-management operations. The combination of the two services will give the France-based insurer a “real-time, consolidated view of positions across all entities in the group”, said SimCorp. Similarly, Australian fixed-income…