Broadridge launches GenAI-powered copilot 11 January 2024US Reporter: Lucy Carter
Image: Shuo/stock.adobe.com
Broadridge has launched OpsGPT, a GenAI- and large language model (LLM)-powered solution to support clients’ post-trade operations.
OpsGPT provides real-time visibility of transactions, settlements and positions data, aiming to help users accelerate the fails resolution process, research next best actions and prioritise key risk items through a single interface.
The solution is integrated with Broadridge’s existing post-trade products.
Using data from Broadridge’s post-trade systems, the copilot streamlines access, connectivity and understanding of data across multiple asset classes, the company says, increasing operations productivity.
The product has been developed in direct response to industry and regulatory changes, including shortened settlement cycles and increased trading volumes.
Vijay Mayadas, president of capital markets at Broadridge, says: “OpsGPT will simplify and optimise trading operations, generating a step change in productivity for operations teams, creating post-trade trade life-cycle event transparency and empowering users to swiftly remediate, reduce and prevent risks.
“Leveraging automation to reduce manual intervention through OpsGPT will allow clients to operate at peak efficiency, despite changing regulations and market complexities.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Shuo/stock.adobe.com 