FactSet Research Systems Inc. - FactSet Multi-Asset Class Analytics & Risk Solutions
Type of System
- Analytics
- Asset/liability management
- Data management
- Environmental, social and governance
- Governance, risk, compliance (GRC)
- IFRS 17 solution
- Internal/external reporting
- LDTI solution
- Portfolio analysis/hedging
- Solvency II solution
- Spreadsheet risk management
- Stress and scenario testing
- Climate Risk
- CECL
Type of platform
- Cloud
- SaaS
- Web-based
Other features - does your offering facilitate
- Curve-fitting
- LDTI
- NAIC Principle-based reserving
- Replicating portfolios
- Solvency II internal model
- Solvency II standard formula
What are the typical implementation costs?
There are no typical implementation costs as they depend on the solutions and teams involved.
How long does your software take to implement on site?
Typical Implementation runs from three to nine months, depending on the complexity of the funds or the general account.
Please name companies that use the system/solution
FactSet doesn’t disclose client names. However, around 500 global firms use FactSet’s multi-asset class risk and analytics capabilities for portfolio risk management, liability matching, hedging, reporting, and actuarial work.
Do you have an open API?
Yes, every application within the FactSet ecosystem is accessible via APIs.
Does your solution incorporate AI technology? How?
AI chatbots are incorporated to help users find documents and methodology information.
Portfolio Assistant and commentary functions use AI models to help summarise analytics and the impact of various inputs on those, highlighting the significant themes in performance and exposures.
Most recent significant update:
Analytics are generated within a modern, flexible, fast-performing engine, covering a broad universe of fixed-income instruments and derivative products. FactSet's prepayment model, sophisticated set of internal yield curves, option pricing, and sensitivity calculations ensure accuracy and quality of analysis beyond traditional asset classes, matching the complexity of derivatives and structured products.
Planned future enhancements:
We plan to release a full-valuation multi-asset class suite of models for increased precision of risk estimation of more sophisticated investment strategies. We are expanding our alternative analytics and risk coverage – real estate, private assets, and commodities to accommodate the proliferation of alternative investments.
Our product enhancements aim to provide coverage of all assets classed across a firm in a single framework based on high-quality analytics and models acceptable to even the most demanding and sophisticated asset managers.
How does your solution integrate with third-party systems or in-house systems?
FactSet’s open infrastructure allows integration with major Accounting, Data Warehouses, and Risk & Analytics systems. FactSet also integrates the derived analytics and cash flows into various liability systems and can make them available in cloud data warehouses. Private data from loan management platforms or data warehouses can easily be piped into FactSet.
What is the key attribute of your product(s) that differentiates it from your competitors?
FactSet’s Multi-Asset Class Risk and Analytics capabilities stand out compared to competitors in three areas:
Data Integration: Flexible data ingestion for the General Account holdings, transactions, and tax lots to fuel performance measurement, actuarial projections, reg. Capital, ALM workflows. Deep relationships with fewer partners solve interoperability problems and remove the client from inter-connectivity workflows, lowering IT costs and operational risks.
Analytics Enrichment: Cloud-based compute grids are designed for the most complex Fixed Income calculations, cash flow projections, and custom modeling, offering sophisticated analytics across public and private investments, fueling portfolio analytics, supporting the investment process, and regulatory reporting.
Distribution: Flexible reporting capabilities with multiple distribution points, including API, Cloud Share, direct feeds, and web-based user interface.
The company also offers multiple correlation-based Risk and Fixed Income Models, providing insurance companies with the tools to measure risk from different angles. We accept that Investment strategies and approaches vary, and clients need to assess their market and credit risks differently allowing them to have a choice.
FactSet delivers over 200 market sensitivity, book, and risk analytics libraries for incorporation into regulatory and cash flow testing, risk management, and portfolio management functions.
FactSet offers insurance solutions with analytics and reporting tools for visualizing and communicating insights across various channels. Clients can access enriched data in multiple ways, including Excel, flat files, APIs, cloud platforms, publishing solutions, and managed reporting. The company provides a wide range of analytics and reporting tools for insurers to communicate insights to regulators, as well as internal and external stakeholders.
What trends are you seeing in terms of customer demand?
Most insurance companies seek a system incorporating alternative assets with public securities to provide a holistic view of the general account and fund risk profiles.
Incorporating machine learning and large language models to explain the risk and analytics results is also becoming a trend.
Contacts
Email: [email protected]
