13-05-2025
Indata embeds GenAI across product suite
INDATA, a leading industry provider of cloud-native, SaaS-based solutions for buyside firms, today announced a software release providing enhanced technology, functionality and productivity improvements for clients.
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Highlights include:
• All New Generative AI Functionality including INDATA AI Agent for querying data from INDATA's Master Data Model (MDM) using large language models, provides natural language user interface for data requests with the ability to validate results and create formatted output
• New Front Office OMS/Portfolio Management Functionality for Architect AI users to increase productivity for traders, portfolio managers and compliance officers, automated trade settlement features with NYFIX Matching and INDATA billing rebates for NYFIX network clients
• Reporting Pack Functionality for Architect AI Reporting which allows end users to create their own report packs made from multiple standardized system reports, additional embedded data visualizations based on fully integrated Microsoft Power BI
• Additional customization features for iPM Portal including all new dark mode theme, MS Office 365 API integration, 'drag & drop' document management, Mobile app improvements available via App Store and Google Play
One INDATA client benefiting from the new release is Dana Investment Advisors, based in Brookfield WI, with $8 Billion in equity and fixed income strategies for institutional as well as high net worth investors. Dana utilizes INDATA's SaaS solutions on a front-to-back-office basis via INDATA's iPM Private Cloud. Dana initially started with INDATA for their OMS needs and then added INDATA's other modules for middle and back office.
'The ability to utilize AI tools is becoming important to our firm from an industry standpoint,' commented Mark Mirsberger, CEO of Dana Investment Advisors. 'INDATA's AI functionality mirrors our own internal work that we have been doing with AI and validates our approach for having predictable results accompanied by high standards surrounding controls involving data security and data privacy,' he added.
'As an early adopter of AI within our SaaS solutions, INDATA's approach has been to release ongoing features only when we feel they are fit for purpose while also making sure that they adhere to the strict standards that our clients have in place surrounding their fiduciary obligations to clients,' commented David Csiki, President of INDATA. 'We are very excited out our latest software release and look forward to providing clients with productivity improvement while continuing to implement their feedback in the form of ongoing system enhancements,' he added.
