The global fintech firm Broadridge Financial
Solutions has launched a generative AI tool offering advanced features for
processing complex bond-related queries and identifying corporate bonds.
Dubbed BondGPT+, this new application combines
OpenAI GPT-4 technology with proprietary solutions from Broadridge. It is an
improvement of BondGPT, which was recently launched by Broadridge’s subsidiary,
LTX. BondGPT+ allows enterprises to integrate their data, including third-party
datasets, securely.
Jim Kwiatkowski, the CEO of LTX, said: “Since
the successful launch of BondGPT in June 2023, we have received overwhelmingly
positive feedback and thoughtful suggestions from our clients. Based on that
feedback, we have moved quickly to incorporate clients’ own data as well as a
range of new features in the second generation of BondGPT.”
“The result is that BondGPT+ not only meets our
clients’ enterprise requirements, but also sets a new standard for generative
AI solutions in the financial industry by providing a single natural language
interface for seamless access to much of the data used by busy fixed income
professionals.”
In June, Broadridge launched BondGPT on its LTX
platform. This technology, powered by OpenAI’s GPT-4, is poised to transform
bond trading. It’s anticipated to significantly impact the $10 trillion US
corporate bond market, offering remarkable advantages.
Screenshots from BondGPT. Source: LTX
BondGPT is designed to assist users in asking
questions and identifying corporate bonds based on their specific criteria.
Through the use of the Liquidity Cloud and bond similarity
technology, BondGPT ensures traders receive real-time liquidity solutions by
identifying bonds with similar characteristics.
Targeting Users with Personalized AI Solutions
BondGPT+ prioritizes user preferences. Its
personalized dashboard allows users to customize their trading experience, from the size
of answer panels to scheduling critical questions. BondGPT+ is designed for
institutional fixed-income users. It relies on verified data sources to
minimize risks and secure sensitive data.
According to LTX, BondGPT+ enhances enterprise
control and governance. It enables system administrators to configure data
access, while compliance officers can add custom rules based on unique
processes. AI-powered usage analysis offers insights for improved user
engagement.
The broader financial industry is no stranger to the
AI wave. Recent collaborations and investments, such as Bitget‘s partnership
with Fetch.ai and the introduction of TigerGPT by Tiger Brokers, highlight the
industry’s growing adoption of AI-powered solutions.
The global fintech firm Broadridge Financial
Solutions has launched a generative AI tool offering advanced features for
processing complex bond-related queries and identifying corporate bonds.
Dubbed BondGPT+, this new application combines
OpenAI GPT-4 technology with proprietary solutions from Broadridge. It is an
improvement of BondGPT, which was recently launched by Broadridge’s subsidiary,
LTX. BondGPT+ allows enterprises to integrate their data, including third-party
datasets, securely.
Jim Kwiatkowski, the CEO of LTX, said: “Since
the successful launch of BondGPT in June 2023, we have received overwhelmingly
positive feedback and thoughtful suggestions from our clients. Based on that
feedback, we have moved quickly to incorporate clients’ own data as well as a
range of new features in the second generation of BondGPT.”
“The result is that BondGPT+ not only meets our
clients’ enterprise requirements, but also sets a new standard for generative
AI solutions in the financial industry by providing a single natural language
interface for seamless access to much of the data used by busy fixed income
professionals.”
In June, Broadridge launched BondGPT on its LTX
platform. This technology, powered by OpenAI’s GPT-4, is poised to transform
bond trading. It’s anticipated to significantly impact the $10 trillion US
corporate bond market, offering remarkable advantages.
Screenshots from BondGPT. Source: LTX
BondGPT is designed to assist users in asking
questions and identifying corporate bonds based on their specific criteria.
Through the use of the Liquidity Cloud and bond similarity
technology, BondGPT ensures traders receive real-time liquidity solutions by
identifying bonds with similar characteristics.
Targeting Users with Personalized AI Solutions
BondGPT+ prioritizes user preferences. Its
personalized dashboard allows users to customize their trading experience, from the size
of answer panels to scheduling critical questions. BondGPT+ is designed for
institutional fixed-income users. It relies on verified data sources to
minimize risks and secure sensitive data.
According to LTX, BondGPT+ enhances enterprise
control and governance. It enables system administrators to configure data
access, while compliance officers can add custom rules based on unique
processes. AI-powered usage analysis offers insights for improved user
engagement.
The broader financial industry is no stranger to the
AI wave. Recent collaborations and investments, such as Bitget‘s partnership
with Fetch.ai and the introduction of TigerGPT by Tiger Brokers, highlight the
industry’s growing adoption of AI-powered solutions.
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- Source: https://www.financemagnates.com//fintech/broadridges-ltx-unveils-customized-ai-solution-for-enterprise-financial-services/
