AI for the Masses: Smaller Shops Access New Tools for Edge

Artificial Intelligence in asset management is no longer just for giants like BlackRock and Fidelity. Small and medium-sized managers can increasingly access machine learning technology from third-party providers – although few have taken the plunge, according to one provider.

Managers lacking the cash required to build out machine learning systems can tap a growing set of technology providers gearing tools towards firms of all sizes.

The latest firm to build out an AI component for its portfolio management system is INDATA, which has added a bolt-on product to its iPM system that includes machine learning tools to helps PMs analyze securities, and voice and natural language processing to reduce the time spent navigating the system itself.

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David Csiki

Author

David Csiki is the Managing Director and President of INDATA, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting, and front-to-back office technology solutions. Prior to joining INDATA, Csiki was Manager of Marketing and Investor Relations at NYFIX, Inc. and was instrumental in developing the product concept and planning the successful launch of the company’s flagship product, NYFIX, a FIX broker network.