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Thanks. I see the context now. Our asset managers are indeed lucky to have Bloomberg and such, which are easily integratable (and indeed, have been "SQL" for mo
by wjnc 2y ago
Thanks. I see the context now. Our asset managers are indeed lucky to have Bloomberg and such, which are easily integratable (and indeed, have been "SQL" for more than a decade now). I'm aware of the third party providers of customer financial information. Lucky to operate in a niche that is not served by them. Graydon (the only one I've been in contact with) is facing a massive disruption though. Their higher tiers are perhaps not enterprise expensive, but Trellis and the likes are probably more integratable and more affordable.
But still, the one building the LLM-integration is 4x as expensive as the one manually entering the data. It's all about TOC, scale and risk perception. I also love that "risk people" (in the banking context, I'd say: model people) think their data quality should be exceptional and then use end user computing MacGyver style models. Spit and popsicle sticks.
- PeterStuer 2y ago"think their data quality should be exceptional and then use end user computing MacGyver style models" The choice they have is submit a formal request to IT, be rejected 95% of the time with the remaing 5% being put in the planning with an eta 2-5 years in the future, or, DIY it with tools at hand. In an ideal world this would not be needed, in reality it is DIY or nothing.