Simplifying and optimizing operations with
GenAI and LLM technology to improve efficiency, mitigate risks and
enhance governance across the T+1 trade lifecycle
NEW
YORK, Jan. 11, 2024 /PRNewswire/ -- Global
Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR),
today announced the launch of OpsGPT, a new capability for
operations users, analysts, and management teams to transform their
operations across the post-trade lifecycle. Powered by Generative
AI (GenAI) and Large Language Model (LLM) technology, OpsGPT uses
transactions, settlements and positions data to provide clients
real-time visibility for faster fails resolution, researching next
best actions and prioritizing key risk items in a single,
easy-to-use interface. The new application is a direct response to
industry and regulatory changes. Reduced settlement cycles, the
continuous quest for efficiency and increasing trading velocity are
collectively creating significant stress on firms' legacy
technology and operating models.
"OpsGPT is the GenAI-powered-copilot that will simplify and
optimize trading operations, generating a step change in
productivity for operations teams, creating post-trade trade
lifecycle event transparency and empowering users to swiftly
remediate, reduce, and prevent risks," said Vijay Mayadas, President of Capital Markets at
Broadridge. "Leveraging automation to reduce manual intervention
through OpsGPT will allow clients to operate at peak efficiency,
despite changing regulations and market complexities."
OpsGPT is trained on curated and harmonized data from
Broadridge's global multi-asset post trade systems which power the
clearance and settlement of $10
trillion in trades daily. Moreover, Broadridge's leading
post trade platforms are underpinned by a common data ontology and
the highest standards of privacy and confidentiality in handling
client data. The result is an AI tool that can be rapidly deployed
for clients and has the power to streamline access, connectivity
and understanding of data across multiple asset classes to increase
operations productivity.
Broadridge has designed OpsGPT with a strong focus on
responsible AI practices, addressing the unique needs and
challenges faced by the industry. This GenAI-powered application is
integrated with Broadridge's existing global, multi-asset class
post trade solutions, allowing seamless use for clients
globally.
Overall, Broadridge's AI platform provides the flexibility to
choose a model based on specific use case needs, as well as both
functional and non-functional requirements. The platform provides a
consistent and scalable API interface that makes it easy to switch
between different models based on client needs and risk governance
processes.
Broadridge recently published a whitepaper entitled, Efficiency
Unleashed: Capital Markets Operations Reimagined with Generative
AI, which describes how emerging technology, particularly GenAI and
LLM, can be leveraged to revolutionize post-trade operations. For
more information on how OpsGPT can transform and optimize your
trading, please see here.
About Broadridge
Broadridge Financial Solutions (NYSE:
BR), a global Fintech leader with more than $6 billion in revenues, provides the critical
infrastructure that powers investing, corporate governance and
communications to enable better financial lives. We deliver
technology-driven solutions that drive business transformation for
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. Our
technology and operations platforms underpin the daily trading of
more than U.S. $10 trillion of
equities, fixed income and other securities globally. A certified
Great Place to Work®, Broadridge is part of the S&P
500® Index, employing over 14,000 associates in 21
countries.
For more information about us and what we can do
for you, please visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Tina Wadhwa
Corporate Communications
Tina.Wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.