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Asset management - Fortia

A client success story

Automating & Securing the entire
Data Production Chain

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Asset management

CONTEXT

Industry : Banking, Financial Services
Activity : Banks, Asset Management, CIB, Trustee and Fiduciary services, Insurance
Location : Worldwide

OVERVIEW

A Large European bank facing an increased necessity to automate data entry operations issued from fund investment prospectuses. The volume of data provided is increasing, its traceability, quality, and centralization are becoming crucial. According to Gartner, ‘Data will grow 800% over the next five years and 80% of the data will be unstructured’.

The bank is overreliant on several processes and databases to handle the integration and management of data. It has to build an efficient data system to put its data to work.

 

Main features

360° Data Oversight

360° Data Oversight

Data Quality check

Data Quality check

Quick Data Time-to-Market

Quick Data Time-to-Market

Layout Template Designer

Layout Template Designer

Dynamic reportings

Dynamic reportings

Versioning

Versioning

Intelligent Library

Intelligent Library

Client Data Modeler

Client Data Modeler

Benefits

Manage data processing costs and errors with AI
Accelerate considerably the data time to market
Guarantee data quality and accuracy to create value
Align your data strategy with your business goals

Challenges

  • Actors from the financial services industry receive thousands of documents to analyze and extract information. Those documents can be either contractual (prospectus, contracts, invoices, etc.) or not contractual (annual reports, emails, etc.)
  • Documents typically contain product data, clients data and securities data.
  • Regulations such as PRIIPS (Packaged Retail Investment and Insurance-based Product) requires a key information document (DICI or KID) to help investors understand the financial product.

Problems

  • The large volume of low-density data, multiple manual interventions, and complex regulations are issues FI’s are facing in their daily operations.
  • Current human-based data models cannot scale easily and increase the potential of errors.
  • It requires new technologies to maximize the data time-to-market, improve operational efficiency and minimize costs.

Solutions

  • Data Avangarde is the promise of an end to end software solution that automates and secures the data production chain as well as the repository management, without coding skills or assistance being required.
  • The AI platform uses Natural Language Understanding to “read” the documents, identify, highlight and extract business information before process and distribution the data. The algorithms are trained to evaluate content in each document and detect for instance fund characteristics and organize it. This way, users will be able to devote 90% of their activity to data analysis.
  • All the operational processes are easily modeled ensuring follow-ups and traceability. The powerful platform allows users to collaborate and build a single vision of the business data sets.

Why Fortia ?

Fortia has more than 10 years of experience in the deployment and integration of its innovative solutions. Over the course of many projects, our skilled team of experts has developed a key understanding of the challenges in the banking and financial solutions.

They will help you choose the adequate solution to successfully manage your transformation project.

Understanding our clients’ needs, adapting to their local environments, and putting their challenges at the heart of our mission, grant the success of our projects.

Fortia has put in place dedicated support for its clients to answer questions and resolve issues when implementing the solution. The support team is flexible and experienced in assisting our clients to provide them with the right answers.

Industry experts

Industry experts

An experienced team ready to take your challenges

Deployment capabilities

Deployment capabilities

The effective implementation of the solution is our priority

Flexible support

Flexible support

A dedicated and flexible team to support our clients

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