Tag: finance

Large Language Models versus Wall Street: Can AI enhance your financial investment decisions?

How do you determine which stocks to buy, sell, or hold? This is a complex question that requires considering multiple factors: geopolitical events, market trends, company-specific news, and macroeconomic conditions. For individuals or small to medium businesses, taking all these factors into account can be overwhelming. Even large corporations with dedicated financial analysts face challenges due to organizational silos or lack of communication.

Inspired by the success of GPT-4’s reasoning abilities, researchers from Alpha Tensor Technologies Ltd., the University of Piraeus, and Innov-Acts have developed MarketSenseAI, a GPT-4-based framework designed to assist with stock-related decisions—whether to buy, sell, or hold. MarketSenseAI provides not only predictive capabilities and a signal evaluation mechanism but also explains the rationale behind its recommendations.

The platform is highly customizable to suit an individual’s or company’s risk tolerance, investment plans, and other preferences. It consists of five core modules:

  1. Progressive News Summary – Summarizes recent developments in the company or sector, alongside past news reports.
  2. Fundamentals Summary – Analyzes the company’s latest financial statements, providing quantifiable metrics.
  3. Macroeconomic Summary – Examines the macroeconomic factors influencing the current market environment.
  4. Stock Price Dynamics – Analyzes the stock’s price movements and trends.
  5. Signal Generation – Integrates the information from all the modules to deliver a comprehensive investment recommendation for a specific stock, along with a detailed rationale.

This framework serves as a valuable assistant in the decision-making process, empowering investors to make more informed choices. Integrating AI into investment decisions offers several key advantages: it introduces less bias compared to human analysts, efficiently processes large volumes of unstructured data, and identifies patterns, outliers, and discrepancies that traditional analysis might overlook.

[Use Cases RPA] Explore Our Sector-Specific Resources

In a constantly evolving world, where operational efficiency is the key to competitiveness, intelligent automation is the essential solution for businesses across various sectors. At Novelis, we understand the importance of this technology, which is why we offer a comprehensive set of resources dedicated to its use in multiple fields.

Tasks with Automation Potential by Sector

Finance, Insurance/Mutual, Customer Relationship, Retail: These four major sectors constitute the backbone of numerous companies worldwide. That’s why we have focused our efforts on providing resources specifically tailored to their unique needs.

We offer a series of downloadable contents that highlight automation opportunities within these sectors. These resources include concrete examples of tasks with high automation opportunities, thus enabling companies to fully grasp the RPA‘s potential in optimizing their processes.

Explore automation potential tasks in Finance

Explore automation potential tasks in Insurance/Mutual

Explore automation potential tasks in Customer Relationship

Explore automation potential tasks in Retail

Discover our sector-specific resources today and start optimizing your operations to enhance your competitiveness.

Automation of New Client Integration within the Bank’s Core Banking System

Implementation of an automated process for checking and validating stock market orders

Novelis is participating in the dedicated event for Corporate Finance: Future of Finance 2023

The financial sector is in constant evolution, shaped by rapid technological advances and increasingly complex challenges. Transformative elements such as automation and artificial intelligence have profoundly changed financial operations, presenting both significant opportunities and constraints. 

Simultaneously, the growth of financial products subject to heightened regulations and cybersecurity threats poses challenges that financial institutions must address to remain competitive and ensure the stability and security of the financial sector. With this vision in mind, the “Future of Finance” event was created. 

The event offers a full day to gain perspective, explore emerging trends, and actively contribute to the sector’s evolution. Through immersive workshops, participants have the opportunity to dive into innovation and enhance their skills to stay competitive. 

In this context, Novelis has been invited to host an immersive workshop titled “How to use generative AI as an accelerator for business process automation?” This workshop will be presented by Georges Abou Haidar, Senior Consultant and Solutions Architect at Novelis. 

We will be present alongside our partner SS&C Blue Prism to provide cutting-edge solutions in the field of financial process automation. We are excited to share our expertise, exchange innovative ideas, and build connections within the financial community at this event. 

We invite you to join us and participate in the “Future of Finance” event. 

Register now

Automation of financial processes

Novelis at the Forefront: Sponsoring SS&C Deliver in Austin

Novelis will be sponsoring SS&C Deliver, the industry’s key event for executives and decision-makers. Scheduled from October 22nd to 24th, these gathering promises to be a pivotal occasion, offering extensive networking opportunities and exclusive access to the wealth of knowledge within the SS&C community. 

Catherine, President and General Manager for the Americas, and Paul, Director of Solution Engineering, will proudly represent Novelis at the upcoming SS&C Deliver event. Together, they will engage in insightful conversations on harnessing the power of intelligent automation to elevate business efficiency. 

An Interactive Learning Experience 

SS&C Deliver isn’t just a run-of-the-mill conference; it’s a dynamic, interactive experience that transcends conventional presentations. From enlightening keynotes and thought-provoking roundtables to hands-on demos and immersive training labs, attendees will have the unique chance to interact with industry experts, explore cutting-edge technologies, and acquire the knowledge and skills necessary to catalyze business transformation. 

Tailored Excellence Awaits at SS&C Deliver in Austin this October! 

Whether you’re an experienced executive or a decision-maker seeking to maintain a competitive edge in the financial services sector, this event is meticulously tailored to meet your specific requirements! Join us in Austin this October. 

[USE CASES] RPA: Tasks with high automation potential in finance

The digital revolution is changing the face of the financial sector, regardless of the business line: treasury, management control, accounting, finance management, etc. Transforming to innovate is becoming an obligation for these players, who must be ever faster, more reliable and more efficient in the execution of processes. Automation is the answer to these challenges and has become a strategic priority for finance departments in order to increase productivity, reduce costs and accelerate compliance with regulatory requirements.

Easy to implement, a process automation project generally has an ROI of less than 12 months. Sometimes less than 2 months!

Intelligent automation therefore offers both financial and qualitative benefits and can be applied to a wide range of processes with high automation potential.

Here are some examples:

  • Data capture and cleansing supports automated generation of regulatory reports
  • Automating the preparation of data collection review slides for multiple financial systems and reports
  • Automation of approval workflow and payment processing
  • Automate standard expense processing and approval based on predefined rules

Discover examples of tasks with high automation potential in finance by downloading these RPA Use Cases applied to this sector.

Novelis meets the finance and insurance industry at Tekplace

A leading event for insurance and finance players committed to the digital transformation of their sector. Tekplace is the marketplace for insurance and finance technologies since 10 years.

Originally dedicated only to insurers, the show has evolved this year to open up to the world of finance: thus allowing participating companies to propose their technological and digital solutions adapted to the leaders of both sectors.

Tekplace is 600 decision makers, buyers and users of IT and digital solutions and more than 20 exhibiting companies who will meet during a day punctuated by 4 major themes:

  • Cybersecurity: an important issue that impacts both sectors
  • Regtech : a contractionof words “regulation” and “technology” referring to new technologies used to facilitate the application of financial regulation
  • L’ESG (Environment, Social, Gouvernance) : sustainable and impact investing
  • Customer experience, customer satisfaction, data management and operational efficiency

The Novelis team will be present at the startup village and will be ready to meet all the decision-makers of companies in the insurance and finance sectors ready to take the step of digital transition. With our expertise in cybersecurity, automation and customer relationship, we will be able to offer you solutions adapted to your business needs.

We work daily on new innovations and on the most advanced technologies through our internal research laboratory. We put our technological expertise at the service of our customers’ and partners’ business challenges and operational efficiency to solve all their problems.

For us, innovation is the engine of performance.

Discover examples of tasks with high automation potential in insurance by downloading RPA Use Cases applied to this sector.