Access to curated data, conversational experiences, and partnership programs to drive AI innovation and custom-built workflows
NORWALK, Conn., June 13, 2024 -- FactSet, a global financial digital platform and enterprise solutions provider, today announced its suite of solutions designed to enable technologists and developers to build proprietary workflows and accelerate their AI-powered innovations.
GenAI has created an opportunity for financial professionals to drive better and faster decision-making, elevate research workflows, increase productivity, and automate tasks, including developing pitchbooks and client-ready documents, generating performance attribution reports, and more. As the appetite for development and integration grows rapidly, technologists are faced with optimizing the power of AI, digesting and storing vast amounts of clean, accurate data, and innovating at a faster pace to drive business goals.
FactSet, known for a heritage of open and flexible solutions, combines packaged data, a conversational API, and an AI partner program, into its new three-pronged offering to advance the innovative development of AI-powered workflows that meet the needs of financial professionals across firms.
“Every one of our clients, from junior bankers to wealth advisors to buy-side analysts to performance teams, rely on the breadth and depth of our connected data to drive their decision-making,” said John Costigan, FactSet’s Chief Data Officer. “FactSet’s solutions assist technologists across all firm types to build the GenAI technology their stakeholders are demanding to leverage the quality, connected data they trust us to provide.”
Key components of FactSet’s AI solutions for technologists include:
“Technologists are under pressure to respond to the emergence of GenAI quickly and we are helping them drive productivity and find the signals in the noise,” said Kate Stepp, FactSet’s Chief Technology Officer. “By expanding FactSet’s solutions to offer our breakthrough, technology-forward data package and conversational experience, we are optimizing the data selection process and scaling the development that drives technologists. We've had great success empowering our developers to accelerate GenAI value creation and we will continue to release technology to our client developers that allows them to build and release value faster."
The suite of AI solutions for technologists announced today falls into FactSet’s Mile High initiative, part of FactSet’s AI Blueprint. Working directly with technologists and developers, FactSet’s mission is to empower financial services firms to elevate their AI capabilities and innovate at a higher caliber by continuously integrating its data into proprietary client applications, offering API access to FactSet’s developed workflows, and partnering with AI firms to enhance their solutions.
To learn more about FactSet’s AI solutions for technologists and developers, please visit: https://developer.factset.com/solutions/genai-for-technologists
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to nearly 8,000 global clients, including over 206,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.
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