Broadridge has unveiled OpsGPT, a new service powered by generative AI (GenAI) and large language model (LLM) technology, designed to optimize and simplify trading operations in response to industry and regulatory changes. OpsGPT utilizes transaction, settlements, and positions data to offer real-time visibility, aiding in faster fails resolution. The application leverages automation to reduce manual intervention, allowing clients to operate efficiently amid changing regulations and market complexities.
Vijay Mayadas, President of Capital Markets at Broadridge, stated that OpsGPT acts as the genAI-powered copilot, bringing a step change in productivity for operations teams. It provides transparency in post-trade lifecycle events, empowering users to swiftly remediate, reduce, and prevent risks. The AI tool is trained on curated and harmonized data from Broadridge’s global multi-asset post-trade systems, handling the clearance and settlement of $10 trillion in trades daily. OpsGPT focuses on responsible AI practices and is integrated with Broadridge’s existing global, multi-asset class post-trade solutions, ensuring seamless use for clients worldwide. The platform offers flexibility, allowing clients to choose a model based on specific use case needs and risk governance processes.
Source: thefintechtimes.com
