FactSet, a provider of enterprise solutions, has marked its presence in the financial industry with the launch of a AI chatbot, Mercury.
The genesis of FactSet Mercury lies in the company’s commitment to optimize research workflows for junior bankers. This AI chatbot is designed to facilitate efficient and informed decision-making processes.
The firm stands out as a leading provider in the financial sector, offering comprehensive solutions that combine data, analytics, and technology. The company’s focus on innovation has established it as a trusted partner for finance professionals worldwide.
FactSet Mercury, leveraging the power of large language models, acts as a knowledge agent. It streamlines the access to critical financial information, encompassing financial fundamentals, pricing data, and regulatory details from banks and branches. This is achieved through an integrated GenAI tool suite, presented in an intuitive chat interface.
Unique to FactSet Mercury is its Chart Creator feature. By interpreting natural language, it enables users to create pitch-ready charts, enhancing their productivity and decision-making capabilities.
FactSet Mercury is a pivotal element of the FactSet Explorer program, part of FactSet’s AI Blueprint. This program allows early access to GenAI-powered beta products, encouraging client involvement in their development. The company is collaborating with premier banking clients, aiming to expand this initiative to Buy-Side and Wealth client segments.
“FactSet Mercury’s mile-wide discoverability is a game changer for our clients. We’re thrilled to offer a tool that not only improves efficiency but also provides valuable insights by leveraging our high-quality data and AI solutions,” stated Kristy Karnovsky, Chief Product Officer at FactSet.
Kendra Brown, Senior Director, Banking & Sell-Side Research at the firm, added, “FactSet Mercury is set to revolutionize junior bankers’ workflows, offering a seamless interface and comprehensive data for enhanced productivity and personalized content.”
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