Generative AI in securities services

Søren F. Mortensen
Additional contact information
Søren F. Mortensen: IBM UK Ltd, UK

Journal of Securities Operations & Custody, 2024, vol. 16, issue 4, 302-315

Abstract: Generative AI (GenAI) is a technology that, since the launch of ChatGPT in November 2022, has taken the world by storm. While a lot of the conversation around GenAI is hype, there are some real applications of this technology that can bring real value to businesses. There are, however, risks in applying this technology blindly that sometimes can outweigh the value it brings. This paper discusses the potential applicability of GenAI to the processes in post-trade and what impact it could have on financial institutions and their ability to meet challenges in the market, such as T+1. We also discuss the risks of implementing this technology and how these can be mitigated, as well as ensuring that all the objectives are met not only from a business perspective, but also technology and compliance.

Keywords: GenAI; LLM in securities services; LLM model learning; risk of GenAI; NLP processing in post-trade; when to use GenAI (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/8686/download/ (application/pdf)
https://hstalks.com/article/8686/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2024:v:16:i:4:p:302-315

Access Statistics for this article

More articles in Journal of Securities Operations & Custody from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().