SocGen to use Addventa AI for portfolio commentary
Posted: 17 October 2018 | Source: Finextra
Societe Generale Securities Services (SGSS) and Addventa announces a partnership to launch a service for automated drafting of portfolio management commentaries based on artificial intelligence solutions.
Management companies, who are SGSS clients, will benefit from an automated and instant drafting of performance commentaries for their financial investment portfolios which cover a given time period, selected by the client, in different languages, in a clear and consistent style.
This service relies on figures produced by Analytics & Reporting by SGSS, the performance and risk analysis reporting tool of SGSS, and also on Addventa’s artificial intelligence solutions. It meets the needs of management companies and investment departments as they must regularly provide information on their portfolio performance. This service also frees-up time for management teams to focus on more value-added tasks.
“Thanks to the complementarity between Addventa and SGSS, this partnership will enable SGSS clients, management companies, comprehensive services from tailor-made performance figures to drafting commentaries” says Serge Baudin, Chief executive officer of Addventa.
“In combining Addventa’s artificial intelligence capacities and SGSS’ business know-how, our clients benefit from an innovative service accessible via SG Markets. This partnership is another illustration of Societe Generale’s open innovation and partnership approach with the Fintech ecosystem”, says Damien Jamet, Head of Transformation and Innovation at SGSS.