FactSet (NYSE:FDS), a global financial digital platform and enterprise solutions provider, announced the beta release of its latest AI advancement, FactSet Mercury, an innovative large language model-based knowledge agent “to power modern digital workflows and enhance fact-based decision making.”
FactSet Mercury is a solution “that optimizes the company research workflow for junior bankers, offering a single, trusted conversational interface to access key company information with supporting context and actionable next steps.”
With FactSet Mercury, users can “access FactSet’s comprehensive financial fundamentals and pricing data, along with extensive bank and branch regulatory data through an integrated suite of generative AI (GenAI) tools surfaced in a single chat interface.”
New features of the chatbot “include Chart Creator, which empowers a user’s next best action by using natural language to create a pitch-ready chart.”
Kristy Karnovsky, Chief Product Officer at FactSet, said:
“We are thrilled for clients to experience mile-wide discoverability on FactSet by simply asking for what they need. We are confident users will not only be able to work more efficiently, but also value the personalized, connected content and insights we will surface by leveraging our high-quality data and AI-powered solutions.”
The release of FactSet Mercury is “part of FactSet Explorer, a product preview program developed under FactSet’s AI Blueprint.”
This program enables clients “to gain early access to GenAI-powered beta products and contribute directly to their development. FactSet is currently working with a number of its premier banking clients, with plans to scale the Explorer program across FactSet’s Buy-Side and Wealth client segments.”
Kendra Brown, Senior Director, Banking & Sell-Side Research at FactSet, said:
“We are excited to introduce FactSet Mercury as a game-changing solution that will revolutionize the workflows of junior bankers. By providing a seamless conversational interface, we are streamlining the research process and empowering users with comprehensive data and actionable insights. With FactSet Mercury, we are dedicated to enhancing productivity and delivering personalized, connected content to our valued clients.”
FactSet remains committed to “redefining the financial landscape and elevating client productivity through innovative solutions and cutting-edge technology.”
The chatbot’s release to Buy-Side clients is “planned for Spring 2024, accompanied by an expansion of FactSet’s dataset coverage.”