- Company Announcements
Narrative Science and FactSet Unveil Alliance for Investment Management Firms
Automating portfolio commentary reporting with advanced natural language generation
CHICAGO – February 8, 2017 – Narrative Science, the leader in advanced natural language generation (Advanced NLG) for the enterprise and FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service, today announced the integration of the automated portfolio commentary capabilities provided by Narrative Science directly within FactSet’s best-in-breed analytics and client-reporting platform.
Enabling the ability to automatically generate portfolio commentary directly within FactSet allows investment management firms to exponentially scale their reporting needs and complete their commentary on day one of the quarter. Additionally, clients can address key bottlenecks in quarterly and monthly reporting cycles while also satisfying compliance requirements as the generated commentary adheres to compliance best practices associated with producing content.
“Client reporting is a rapidly evolving area of the market as regulatory requirements rise and investors grow increasingly sophisticated,” shared Ali Stewart, Vice President, Analytics of FactSet. “We’re dedicated to continuously innovating to provide a truly client-centric, cost-effective customer reporting solution. Empowering our clients with the power of Advanced NLG was a no-brainer.”
“We’re thrilled to be working with FactSet,” said Nick Beil, COO of Narrative Science. “FactSet’s industry-leading multi-asset class analytics and reporting platform is an ideal match for the integration of our Advanced NLG technology. It is exciting that clients now have the ability to reduce time-to-market, streamline client reporting, and raise the bar for prompt and comprehensive service.”
To learn more about the strategic relationship, visit: narrativescience.com/asset-management
About Narrative Science
Narrative Science is the leader in advanced natural language generation for the enterprise. Its Quill™ platform, an intelligent system, analyzes data from disparate sources, understands what is interesting and important to the end user and then automatically generates perfectly written narratives for any intended audience, at unlimited scale. A diverse range of companies such as USAA, Deloitte, MasterCard, American Century Investments, and the U.S. intelligence community utilize Quill to increase efficiency through the elimination of time-consuming, manual processes related to analyzing data and communicating insights, freeing employees to focus on high-value activities and better serving their customers.
Connect with Narrative Science
FactSet delivers the world’s best insight and information to investment professionals through superior analytics, service, content, and technology. More than 66,000 users make smarter investment decisions with FactSet’s desktop analytics, mobile applications, and comprehensive data feeds. FactSet is also an honoree of FORTUNE’s 100 Best Companies to Work For and a Best Workplace Award recipient in the United Kingdom and France. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (NASDAQ:FDS). Learn more at www.factset.com and follow on Twitter: www.twitter.com/factset.