The latest technology news in the wealth management sector from around the world.

Schroders
Schroders Capital – Schroders' specialist private markets business with $94 billion of assets under management – has just unveiled its Generative AI Investment Analyst (GAiiA) platform for private equity.

Schroders Capital’s proprietary and internal-only platform speeds up the analysis of large volumes of data, harnesses the technical expertise of its data science specialists alongside the investment knowledge of its private equity team, the firm said in a statement.

GAiiA follows in-house testing and builds on the technology evolution across the Schroders Group, which it said has been deploying artificial intelligence throughout the business for a substantial period.

The firm’s private equity specialists can now automatically screen extensive volumes of data, accelerate due diligence processes and generate a significant portion of draft investment summaries in significantly less time.

By handling the heavy lifting of data analysis, GAiiA can enable Schroders Capital’s investment professionals to analyse more investments and reallocate more of their time to adding value through direct interactions and strategic decisions with target and existing investments.

GAiiA is currently being used by Schroders Capital’s private equity team for private equity direct/co-investments. Its functions are being extended with plans to expand its use to private equity primaries and secondaries as well as other private market asset classes within Schroders Capital, the firm continued.

“Schroders envisions a future where AI tools become an integral part of the investment process. The implementation of GAiiA is a significant step towards this vision. We are committed to driving innovation and embracing technology to deliver exceptional value to our clients across asset classes,” Graham Taylor, head of private assets data insights at Schroders Capital, said.

SS&C, Marlborough
SS&C Technologies, the Nasdaq-listed wealth and banking tech firm, has partnered with Marlborough, a UK investment and fund solutions group.

The US firm has signed a long-term agreement with Investment Fund Services Limited, which is Marlborough's authorised corporate director and authorised fund manager business.

SS&C will provide fund accounting, middle-office and transfer agency services for the funds for which IFS acts as ACD or AFM.

The funds affected by the agreement have more than £16 billion ($20.21 billion) of assets under management, include Marlborough's range of 19 funds and those operated by more than 20 other investment management companies and financial services businesses in the UK.

IFS previously provided these fund administration services in-house and will concentrate on its role as ACD or AFM for the funds.