Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the release 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 transaction, settlement and position data to provide clients with real-time visibility to resolve failures faster, researching next best actions and prioritizing key elements risk in a single, easy-to-use interface. The new app is a direct response to industry and regulatory changes.
Shrinking settlement cycles, the constant search for efficiency and the increasing speed of transactions are collectively putting significant pressure on the technology and operating models of legacy firms.
“OpsGPT is the GenAI-powered copilot that will simplify and optimize transactions, creating a step change in productivity for operations teams, creating transparency of post-transaction lifecycle events, and enabling users to remediate, reduce and to quickly prevent risks,” he said. Vijay Mayadas, President of Capital Markets at Broadridge. “Leveraging automation to reduce manual intervention through OpsGPT will enable customers to operate at peak performance despite changing regulations and market complexity.”
OpsGPT is trained on curated and harmonized data from Broadridge’s global multi-asset post-trade systems, which power the clearing and settlement of $10 trillion of trades per day. In addition, Broadridge’s leading post-trade platforms are supported by a common data ontology and the highest standards of privacy and confidentiality in the handling of customer data. The result is an AI tool that can be rapidly deployed for customers and has the power to optimize data access, connectivity and understanding across multiple asset classes to increase operations productivity.
Broadridge has designed OpsGPT with a particular focus on responsible AI practices, addressing the unique needs and challenges facing the industry. This GenAI-powered application is integrated with Broadridge’s existing global post-trade, multi-asset solutions, enabling seamless deployment to customers worldwide.
Overall, Broadridge’s AI platform provides the flexibility to choose a model based on specific use case needs, as well as functional and non-functional requirements. The platform provides a consistent and extensible API that makes it easy to switch between different models based on customer needs and risk governance processes.