Broadridge Introduces GenAI Settlement Failure Prevention Tool

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Broadridge has introduced a Large Language Model modeled after ChatGPT in an effort to reduce settlement failures and streamline back office operations.

The module, called OpsGPT, prioritizes important risk items in a single interface and gives clients real-time visibility for quicker failure resolution by utilizing transaction, settlement, and position data.

The company said that global multi-asset post-trade systems at Broadridge, which facilitate the clearing and settlement of USD 10 trillion worth of trades daily, provides the system with carefully selected and harmonized data to train on.

According to the firm, “leveraging automation to reduce manual intervention through OpsGPT will allow clients to operate at peak efficiency, despite changing regulations and market complexities.”

Read More: Broadridge releases GenAI tool for cutting settlement fails

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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