UBS Investment Bank has made a strategic investment into Finster AI, set to support the development of AI-native workflows, secure enterprise systems and data infrastructure.
Finster AI’s is specifically aimed at research, analysis and content workflows across investment banking and asset management.
Following this Series B financing round, Finster AI will leverage FactSet’s AI for Banking platform, to integrate financial data and analytics into AI-native workflows and enable connections with applications such as Microsoft Excel and PowerPoint.
“UBS Investment Bank’s investment in Finster AI reflects our interest in technologies that support the continued evolution of investment banking workflows,” said Greg Peirce, co-head of global banking APAC and AI business sponsor at UBS.
“AI and data infrastructure continue to advance across financial services, with potential applications in enhancing efficiency, transparency, and insight generation across advisory and capital markets activities.”
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Specifically, Finster AI’s offering is designed to enhance user productivity and boost revenue generating opportunities by creating client-ready briefing decks, model companies and markets ahead of transactions, and continuously monitor for emerging trends, competitive activity, opportunities and market-moving events.
Sid Jayakumar, chief executive of Finster AI, said: “We believe the next generation of banking workflows will be built on trusted data, secure AI infrastructure, and workflow-aware automation that enables faster, more transparent, and better-informed decision-making.
“Through FactSet’s AI for Banking platform, we are bringing those capabilities directly into the banking workflows where they can create the greatest impact.”