SymphonyAI Launches New Trading and Investing Division and Announces Tenor Generative AI Insights and Predictive Behavioral Modeling Platform
June 25 2024 - 7:00AM
Business Wire
Trading and Investing division’s Tenor platform
combines advanced AI with end-to-end insights and extensive
datasets
SymphonyAI, a leader in predictive and generative AI SaaS
products for the enterprise, today announced entry into the trading
and investing market with a division focused on bringing insights
and analysis from predictive and generative AI capabilities to
global financial markets.
The SymphonyAI Trading and Investing division’s Tenor platform
will combine new advanced AI capabilities, powered by SymphonyAI’s
award-winning Eureka Gen AI platform, with decision science, data
management, and data analytics technology from its acquisition of
1010data that leading financial institutions have trusted to
simplify trading, research, valuation, and risk modeling workflows
for more than 20 years.
“The impact of artificial intelligence on the future of
financial markets can’t be overstated,” said Head of Market
Structure and Technology Research Kevin McPartland at Coalition
Greenwich, a leading global provider of strategic benchmarking,
analytics, and insights to the financial services industry.
“Applying predictive and generative AI to the ever-expanding
universe of fixed income data is crucial to long term improvements
in market liquidity, execution quality and investment returns.”
“The need for rapid, deeply informed decision-making in an
increasingly complex financial market is more essential than ever,
and AI-based capabilities are imperative to successfully navigating
the trading and investing landscape,” said Adam Quinones, president
of the SymphonyAI Trading and Investing division. “The SymphonyAI
Tenor product portfolio has exciting, aggressive new AI innovations
built on 20 years of collaborating closely with customers to meet
their unique needs and use cases. With great customers, great data,
and great technology, we are incredibly excited about the market
opportunity for our expanded portfolio.”
The SymphonyAI Tenor platform provides ad hoc analytics capable
of flexible and fast data manipulation across billions of rows of
data, customizable to specific customer requirements. The
modularized solution automates orchestration and integration of
disparate datasets and seamlessly connects it to proprietary data
science tools to provide turnkey solutions for housing finance,
consumer credit, and macroeconomic modeling workflows.
Predictive and generative AI capabilities include a sentiment
engine and a behavioral simulator. The sentiment engine automates
collection, transformation, and analysis of curated datasets, news,
research, and sentiment. This can, for example, be used to
interpret the sentiment of specific Federal Reserve officials and
prominent industry analysts to better predict decisions impacting
interest rates. By removing guesswork from interpreting Federal
Reserve communications and expert research views, the SymphonyAI
models democratize insight generation by identifying when markets
have disconnected from true macroeconomic reality to make
investment decisions more robust and accurate.
The behavioral simulator uses predictive AI to model complex
real-world economic interactions at a highly granular geographic
level and accurately predicts mortgage lending and consumer credit
trends with predictive AI. Users gain expert trained modeling
capabilities and AI-generated forecasts of household-level credit
performance and the likelihood that borrowers will seek a new loan,
with the ability to select from multiple modeling frameworks and
variables.
SymphonyAI has also expanded the data available to its trading
and investing customers, including 20 years of consumer credit data
from Experian loan and security-level residential and commercial
mortgage data, as well as bank call report data from Recursion to
provide more granular automated insights into hidden risks embedded
in consumer credit investment products. With more comprehensive,
current data sources, SymphonyAI predictive AI models generate more
complete and accurate predictions and recommendations.
About SymphonyAI
SymphonyAI is building the leading enterprise AI SaaS company
for digital transformation across the most critical and resilient
growth verticals, including retail, consumer packaged goods,
finance, manufacturing, media, and IT/enterprise service
management. SymphonyAI verticals have many leading enterprises as
clients. Since its founding in 2017, SymphonyAI has grown rapidly
to 3,000 talented leaders, data scientists, and other
professionals. SymphonyAI is an SAIGroup company, backed by a $1
billion commitment from Dr. Romesh Wadhwani, a successful
entrepreneur and philanthropist.
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Media Treble Sarah Armstrong symphonyai@treblepr.com