Gen AI is a game-changer in bond investment risk assessment
CIO Business Intelligence
DECEMBER 19, 2023
Bond prospectuses can range from 100 to 400 pages in length and must be reviewed against an extensive checklist of ERISA requirements. Auditing a 401(k)-plan document manually can cost up to $7,500 and consume about 45 hours of a skilled professional’s time. Hexaware’s BondReco is an innovative application of Gen AI in this area.
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