Societe Generale Securities Services (SGSS) has partnered with FinTech firm Addventa to launch a joint service for automated drafting of portfolio management commentaries.
SGSS’ asset management clients will be able to benefit from an automated and instant drafting of performance commentaries for their financial investment portfolios which cover a given time period, selected by the client, in different languages.
The service will rely on figures produced by SGSS analytics and reporting services, and on Addventa’s AI solutions.
“In combining Addventa’s artificial intelligence capacities and SGSS’ business know-how, our clients benefit from an innovative service accessible via SG Markets,” said Damien Jamet, head of transformation and innovation, SGSS.
The service will also help asset management teams to free-up time on producing portfolio performance commentaries, and allows them to focus more on value-added services.
Earlier this month, Societe Genereale established a new Global Markets Incubator, which is dedicated to FinTech firms specialising in market activities.
“This partnership is another illustration of Societe Generale’s open innovation and partnership approach with the Fintech ecosystem,” added Jamet.