Societe Generale & Addventa to automate portfolio commentary

Societe Generale Securities Services (SGSS) has partnered with Addventa to use artificial intelligence for portfolio commentary.

Together they will launch a service for automated drafting of portfolio management commentaries based on artificial intelligence solutions.

“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, CEO of Addventa.

As result, management companies, who are SGSS clients, will benefit from an automated and instant drafting of performance commentaries for their financial investment portfolios. This will cover a given time period, selected by the client, in different languages, in a clear and consistent style, according to SGSS.

The service will rely 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 aims to meet 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.

SGSS provides financial institutions and brokers, asset managers and insurers, and businesses with a range of securities services adapted to the latest financial market and regulatory trends including clearing services, custody and trustee services, retail custody services, liquidity management, fund administration and asset servicing, fund distribution and global issuer services.

“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.

Addventa leverages AI to help the financial services sector address strong economic or regulatory challenges such as increasing revenue, productivity enhancement, costs reduction or ensuring compliance. Its customers include Allianz, BNP Paribas, GRDF, and Direction General des Finances Publiques.

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