ThinkAdvisor published an article titled, “BNY Mellon Adds Natural Language Tech for Asset Managers, Clients: Tech Roundup.”
The article states: The Bank of New York Mellon is collaborating with natural language generation technology company Arria NLG on an initiative designed to help asset managers and asset owners transform data into actionable analytics, the companies said Tuesday.
As part of a deal, BNY Mellon Data and Analytics Solutions clients can now “unlock better insights from their data through the power of natural language generation” provided by Arria, whose NLG capabilities have been integrated with the Eagle Performance and Data Management solutions suite, the companies said. Terms of the pact were not disclosed.
The initiative will “help clients to accelerate their data analysis and translate data into language and insights across investment data categories, including portfolio management, performance measurement and attribution analysis,” the firms said.
The integration of Arria’s NLG capabilities inside BNY Mellon’s platform will “help clients meet compliance needs while responding to constant market and regulatory changes,” according to Charles Teschner, global head of Data and Analytics Solutions at BNY Mellon. The collaboration will help BNY Mellon clients “generate consistent bias-free professional commentary, scale their data reporting operations and significantly reduce the time and effort in analyzing large volumes of data,” he said in the announcement.
READ THE ENTIRE ARTICLE HERE > ThinkAdvisor