Brown Brothers Harriman To 'Transform' Its Fund Accounting Service by 2021
The bank is in the throes of a hefty transformation project within its Investor Services division, which began with machine-learning efforts last year.
By 2021, Brown Brothers Harriman’s (BBH) hopes to have radically transformed its fund accounting process end-to-end. At the core of this movement is AI, including machine learning and natural language generation (NLG).
Starting last year, BBH began incorporating supervised machine learning in order to strike net asset values (NAVs) for clients. The algorithms replaced hundreds of manual-work hours by analysts, who would sift through thousands of pricing anomalies, or exceptions, finding that as
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