The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Its Investment Banking segment offers financial advisory services, including advisory assignments concerning mergers and acquisitions, divestitures, corporate defense, risk management, and restructurings and spin-offs; and underwriting services comprising public offerings and private placements of a range of securities, loans, and other financial instruments, and derivative transactions. The company’s Institutional Client Services segment provides client execution services, such as fixed income, currency, and commodities client execution related to making markets in interest rate products, credit products, mortgages, currencies, and commodities; and equities related to making markets in equity products, as well as executes and clears institutional client transactions on stock, options, and futures exchanges. This segment also engages in the securities services business providing financing, securities lending, and other brokerage services to institutional clients, including hedge funds, mutual funds, pension funds, and foundations. Its Investing and Lending segment originates longer-term loans; and invests in debt securities, loans, public and private equity securities, real estate, consolidated investment entities, distressed assets, currencies, commodities, and power generation facilities. The company’s investment management segment provides investment products and services, as well as offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services.

Goldman Sachs

Citigroup is a financial services holding company that provides financial products and services. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. The ICG segment offers various banking, and financial products and services to corporate, institutional, public sector, and high-net-worth clients. This segment provides wholesale banking products and services, including fixed-income and equity sales and trading, foreign exchange, prime brokerage, derivative services, equity and fixed-income research, corporate lending, investment banking, and advisory services, private banking, cash management, trade finance, and securities services. Citi is committed to sustainability and social responsibility, and the company invests in initiatives that promote economic progress.

Citi

BNY is a global financial services company that helps make money work for the world – managing it, moving it and keeping it safe. For 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally to access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2024, BNY oversees $52.1 trillion in assets under custody and/or administration and $2.1 trillion in assets under management. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY employs over 50,000 people globally and has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com.

BNP Paribas Securities Services operates as a global custodian and asset servicing provider. It serves as a multi-asset servicing specialist committed to helping clients achieve their ambitions both in terms of investments and cross-border distribution.

BNP Paribas Securities Services

Deutsche Borse is an exchange company providing investors, financial institutions and companies with access to global capital markets.

Deutsche Borse

ING Ventures is the venture capital arm of ING making minority investments in early stage companies that have a strategic relevance to ING. It targets disruptive technologies that have the potential to impact ING’s business and ensure customers and clients get access to best-in-class services. Based in Amsterdam but shadowing ING’s geographic footprint of 41 countries, ING Ventures is a €300 million fund that not only drives innovation within ING, but also helps entrepreneurs with hands-on support, know-how, scaling expertise and access to our distribution network.

ING Ventures

HQLAX

HQLAᵡ is a financial technology innovation firm that leverages R3’s distributed ledger technology, Corda, to provide liquidity management and collateral management solutions for institutional clients in the global securities financing markets. HQLAᵡ and Deutsche Börse Group formed a strategic partnership for the creation of a joint operating model that provides market participants with improved collateral mobility across a fragmented securities settlement eco-system.

HQLAX is a financial technology firm that delivers liquidity and collateral management solutions for institutional clients in global securities financing markets such as securities lending and repo. HQLAX claims to enhance and simplify the ownership transfers of assets across disparate collateral pools at precise moments through a multi-layer operating model developed in partnership with Deutsche Börse.

Providing AI-driven market intelligence and workflow automation to give firms an edge

Capital Markets Tech

Fnality and HQLAX run PoC of cross-chain repo swap settlement

JP Morgan Chase

J.P. Morgan and HQLAX have demonstrated the technical feasibility of executing a delivery-versus-payment (DvP) repo transaction across two different distributed ledger technology (DLT) platforms at HQLAX and J.P. Morgan. The demonstration showed how rights to securities, recorded in digital collateral records (DCRs) on the HQLAX ledger, and digital cash, recorded at J.P. Morgan

Companies that use blockchain technology to share and synchronize data and improve efficiency across the trading workflow and post-trade actions such as clearing and settlement.

JP Morgan

Includes a collaboration between J.P. Morgan, HQLAX, Ownera, and Wematch to evaluate the technical feasibility of executing a delivery-versus-payment (DvP) repo transaction across two different distributed ledger technology (DLT) platforms at HQLAX and J.P. Morgan

HQLAX is a financial technology firm that delivers liquidity and collateral management solutions for institutional clients in global securities financing markets such as securities lending and repo. HQLAX claims to enhance and simplify the ownership transfers of assets across disparate collateral pools at precise moments through a multi-layer operating model developed in partnership with Deutsche Börse.A key aspect of HQLAX's ecosystem is its Delivery vs. Delivery (DvD) system that enables characteristically straightforward ownership transfers, providing capital cost savings to clients by reducing exposure to factors like credit risk, intraday liquidity requirements, and operational risk.HQLAX's proprietary DLT platform, featuring Digital Collateral Records (DCRs) representing specific ISIN quantities, allows the transfer of security ownership on its distributed ledger without conventional settlement mechanisms. This technology facilitates collateral mobility across global custodians and triparty agents, enhancing regulatory transparency over collateral chains.Key customers and partnershipsIn July 2022, BNY Mellon and Goldman Sachs successfully completed the first agency securities lending transactions on the HQLAX platform. HQLAX has also partnered with J.P. Morgan, Ownera, and Wematch to demonstrate the feasibility of cross-ledger repo transactions (October 2022).

Finpilot is an AI-powered platform that helps financial analysts streamline their research and analysis workflows. The company's technology extracts knowledge from unstructured financial data sources including SEC documents, call transcripts, research reports, and private financial documents. The platform features a web-based AI chat tool that enables analysts to search and query information across multiple sources through a conversational interface. Unlike generic AI models, Finpilot provides source-linked answers with references to primary materials, allowing users to verify the accuracy of information whether in charts or text format. As of February 2024, the platform was available in public beta with plans for a self-serve business model for individual analysts and an enterprise version. The platform also includes task agents designed to automate complex workflows such as report generation, company comparisons, trend analysis, and extraction of segment data from charts and text. Finpilot was spun out of Euclidean Technologies, an investment firm focused on quantitative analysis.

Finpilot

Rogo offers GenAI solutions for financial institutions with tools specifically designed to meet the unique needs of global hedge funds, investment banks, private equity firms, and institutional investors. The company utilizes proprietary financial AI, combining large language models (LLMs) and expertise on financial services, which can adapt to understand the language and data specific to an organization. It can help teams with tasks like accelerating research, making data-driven decisions, and producing finance-related materials.The platform extracts data from internal sources like company presentations, memos, models, databases, data rooms, and meeting notes, combined with a library of 100+ million various external sources, including filings, investor calls, and transcripts of over 70,000 companies globally, along with real-time market data, news and media sources, web searches, and other third-party data.

Rogo

Portrait Analytics is a Boston-based startup developing a GenAI platform for investment research and thesis creation. Founded in 2022 by David Plon, a former principal analyst at Baupost Group, and Connell Gough, a full-stack developer, the company aims to revolutionize the way investment analysts conduct research and generate investment ideas. Portrait's platform leverages advanced AI models to accelerate the speed of research by answering complex questions and producing insights for users. The technology extracts and synthesizes key information from company filings, documents, and other sources to provide factual, auditable responses to user queries.The company's first product is a Q&amp;A-based application that incorporates GenAI search and summarization capabilities. It is designed to function as a "junior analyst," capable of performing tasks such as finding investment ideas, building financial models, and creating pitch decks. Portrait's platform includes an idea generation tool that helps analysts sift through thousands of companies to identify potential investment opportunities. It also provides comprehensive research summaries to quickly familiarize analysts with specific companies or sectors. As of July 2023, the platform was in private beta testing with select asset managers, with plans to expand access to more analysts in the coming months.

Portrait Analytics

Helix by HL is a generative AI assistant for private market investing, launched in June 2023 as a joint venture between TIFIN and Hamilton Lane. The platform leverages Hamilton Lane's proprietary database, which contains data on more than USD 16.7 trillion in private market commitments across 51 vintage years as of September 2023. The AI assistant simplifies alternative investing by providing data-centric information around private markets benchmarking, forecasting, and due diligence. The platform is specifically designed to help wealth advisors and private wealth professionals navigate the complexities of private market investments. Helix integrates with wealth platforms and digital marketplaces to enable advisors and investors seeking private market allocations. The technology combines TIFIN's AI expertise with Hamilton Lane's market analysis and research to educate private wealth investors and their intermediaries about asset classes and market trends.
Key customers and partnerships
The platform partners with wealth managers and private wealth professionals who allocate investments to private markets. FINTOP Capital partnered with Helix to help banks enhance their wealth management offerings by democratizing access to alternative assets.

Helix

Wokelo AI operates a secure GenAI platform geared toward accelerating business research. It provides customized, in-depth analyses for market intelligence and investment research, distinguishing itself through the creation of human-like syntheses at scale.The company's platform serves as a research assistant and co-authoring tool, capable of generating high-fidelity, factually bounded reports and presentations. It offers information on various business aspects, like mergers and acquisitions, partnerships, product strategy, and user reviews, among others​. It is also capable of generating various business documents, including sector briefings, company due diligence, financial analysis, earnings transcripts and annual reports analysis, investment memos, and market maps​.Wokelo AI utilizes a proprietary cognitive engine that curates a range of data, including analyst reports, internal data, podcasts, product reviews, call transcripts, articles, and news, along with 500+ pre-integrated datasets. It also utilized GPT models by OpenAI and open-source models like LLaMA as of November 2023.Key customers and partnershipsThe primary clientele of Wokelo comprises professionals from private equity firms, investment banks, corporate strategy departments, and venture capital firms. Some of its disclosed customers as of May 2024 included Guggenheim, Sage, Tata, Deloitte, Gratia, and Seven Seven Six.

Wokelo AI

Platforms that help financial market participants collect, manage, and use traditional and alternative data, derive market insights from news, and provide trade signals to make informed decisions.

Platforms that help institutions such as asset managers, investment banks, and hedge funds to develop platforms to trade and operate brokerage services for various financial assets and instruments such as stocks, fixed income securities, derivatives, commodities, and foreign currencies.

Platforms that help companies meet anti-money laundering requirements and provide identity verification tools such as KYC checks.

These platforms provide services such as risk detection, regulatory compliance, risk management, risk intelligence, collateral management, internal processes management, and strengthening of internal controls.

Companies that use GenAI as a core part of their product offering for capital markets

Uses AI/ML to process market data and information to derive valuable and timely insights

Uses blockchain to automate certain workflows between institutions and capital market participants

Uses GenAI to automate analysis, optimize portfolios, predict market trends, and enhance risk management

HQLAX

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