BNP Paribas Securities services employs Natural Language Generation to enhance global custody experience

BNP Paribas Securities Services, a global custodian with USD10.6 trillion in assets under custody, is using Natural Language Generation to help its global custody clients enhance monitoring and oversight of their operations.

As part of its digital transformation programme, BNP Paribas Securities Services is using NLG to transform large amounts of structured global custody data into concise and insightful commentaries.

Along with traditional monthly statistics reports providing in-depth data on their operations, BNP Paribas Securities Services clients will receive analysis and commentaries on their assets under custody, settlement, corporate actions, and income activities.

A one-page executive summary, written in natural language, will alert clients to unusual patterns and highlight areas for improvement, allowing for enhanced oversight, controls, and operational efficiency. For example, the summary points to the percentage of corporate actions instructions received after the deadline or to manual instructions rates and suggests specific actions to increase efficiency and thus mitigate risks and lower costs.

Christelle Ybanez, head of Asset Owners and Asset Managers Strategy and Planning at BNP Paribas Securities Services, says: “Leveraging artificial intelligence technology, our NLPG report summarises hundreds of pages of data into easy-to-understand key trends and recommendations. This will provide our clients with insightful analysis on the wealth of data generated by their operations, helping them enhance oversight and efficiency across multiple markets.”

The solution will be deployed globally, starting with France, Germany, the Netherlands, Spain, and the United Kingdom.