Broadridge Enhances OpsGPT with AI-Powered Upgrades
Broadridge Financial Solutions announced new enhancements to its AI tool, OpsGPT. The platform delivers real-time operational intelligence and execution support. OpsGPT uses AI to automate key functions traditionally handled manually.
Enhancements Announced
These are the key enhancements announced:
Fails Research
Now, OpsGPT diagnoses the root causes of settlement fails automatically. It provides instant, actionable insights and lets operations teams resolve issues faster. It cuts down the time spent investigating and fixing trade failures.
Inventory Optimization
The platform enables real-time management of global inventory. It proactively detects mismatches across assets and recommends appropriate transfers. It helps firms maximize capital efficiency. And these optimizations can save institutions millions of dollars by reducing idle or misallocated assets.
Email Integration Automation
OpsGPT can now read and interpret incoming operational emails. It extracts relevant context and retrieves supporting data from internal systems. This automation speeds up response times and reduces manual handling of routine queries.
Benefits for Clients
This update will offer these benefits:
Faster trade settlements
Trades are completed quickly, and settlement fails, and root causes are identified faster. It reduces the risk of delays.
Better asset availability
Real-time inventory management means assets are more accurately tracked and transferred. Traders get quicker access to securities.
Lower capital lock-ups
Optimized inventory and fewer settlement issues help reduce the amount of capital tied up in incomplete trades. Investors can deploy their capital more efficiently.
Higher operational reliability
Manual errors drop with the AI handling routine tasks. It makes trade processing more consistent and dependable.
About Broadridge
Broadridge Financial Solutions provides technology and communication solutions for the financial services industry. It contributes to investor communication, proxy voting, and post-trade processing. Also, the company supports banks, brokers, and asset managers with tools that power capital markets and wealth management processes. Broadridge introduced a GenAI-powered advanced analytics feature to its platform this year.
Summing Up
Broadridge continues to drive innovation in post-trade operations. The company is building a smarter, more efficient future for financial services.
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