BNP Paribas Securities Services launches Natural Language Generation solution to enhance the global custody client experience


BNP Paribas Securities Services, a leading global custodian with USD 10.6 trillion in assets under custody[1], is using Natural Language Generation (NLG) to help its global custody clients enhance monitoring and oversight of their operations.

As part of its digital transformation programme, BNP Paribas Securities Services is using NLG to transform large amounts of structured global custody data into concise and insightful commentaries.

Along with traditional monthly statistics reports providing in-depth data on their operations, BNP Paribas Securities Services clients will receive analysis and commentaries on their assets under custody, settlement, corporate actions and income activities.

This one-page executive summary, written in natural language, will alert clients to unusual patterns and highlight areas for improvement and best practices, allowing for enhanced oversight, controls and operational efficiency. For example, the summary points to the percentage of corporate actions instructions received after deadline or to manual instructions rates and suggests specific actions to increase efficiency and thus mitigate risks and lower costs.

Christelle Ybanez, Head of Asset Owners & Asset Managers Strategy & Planning at BNP Paribas Securities Services, said: “Leveraging Artificial Intelligence technology, our NLG report summarises hundreds of pages of data into easy-to-understand key trends and recommendations. This will provide our clients with insightful analysis on the wealth of data generated by their operations, helping them enhance oversight and efficiency across multiple markets.”

The solution will be deployed globally, starting with France, Germany, the Netherlands, Spain and the United Kingdom.

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