AI in Genesis Bond Deal Solution Helps Asset Managers Make Faster Allocation Requests

Genesis Global, the low-code application development platform purpose-built for financial markets organizations, has launched AI-driven data services in its platform and its bond market solution to autoprocess pricing data and other deal terms asset managers receive by email and instant messages.

Tracking bond deals entering the market is complicated for asset managers because syndicating banks use multiple channels to transmit terms and other deal information.  Consolidating data to achieve a single, real-time view of new deals is a significant challenge because it requires combining unstructured data in emails and IMs with structured information sourced from deal platforms like DirectBooks and Ipreo (S&P Global).

Recommended AI News: Riding on the Generative AI Hype, CDP Needs a New Definition in 2024

New AI-driven data services in the Genesis Primary Bond Issuance solution automatically interpret and extract deal information contained in emails and IMs and present it with data from other bond deal sources used by an asset manager.  In aggregating deal data, regardless of source or format, Genesis creates a holistic view of the market as part of a deal-focused workspace which accelerates how investment teams evaluate deals and request allocations.

“Our solution helps asset managers request allocations as quickly as possible.  This capability starts with creating a complete view of the primary bond market by combining structured and unstructured data,” said Rahul Kambli, product manager for Primary Bond Issuance at Genesis Global.  “AI is a perfect technology for processing bond deal data because of the limitless ways a syndicating bank can present information using email and chat.”

Recommended AI News: Versa Networks and Nabiq Partner to Deliver Advanced Private 5G Services in Japan

Genesis uses a private large language model (LLM) to interpret and extract financial data from unstructured text.  Using a private model allows Genesis to keep client data private, directly train the model on a specific use case, calibrate its performance and control costs.

The AI components in the primary bond market solution stem from the AI service layer in the Genesis platform which drives all Genesis solutions.

“Genesis is a technology catalyst because we can deliver the benefits of AI within a framework that financial firms already understand,” said Tej Sidhu, Chief Technology Officer at Genesis Global.  “Innovation, such as the bond deal data processor, are part of the AI service layer that augments the functional, technical and financial business componentry comprising the Genesis application development platform.”

In addition to consolidating and managing data, the Primary Bond Issuance solution from Genesis integrates with an asset manager’s analytics, reference data, compliance and order management systems to create a single environment for all primary market workflow.  It also offers embedded collaboration tools and alerts to facilitate efficient decision-making by portfolio managers, credit analysts and traders.

Recommended AI News: Unprecedented Generative AI Use Does Not Guarantee Quick Productivity Gains

Genesis estimates that for corporate bonds alone, an average of 40 new bond deals come to market each day, each of which can be updated around 30 times.

[To share your insights with us, please write to sghosh@martechseries.com]