| Horizontal AI platforms for finance |
Firm-wide search and Q&A across your documents |
One product sold to hundreds of firms. It answers questions, it does not produce the desk's work products, and every competitor runs the same thing. |
| General AI assistants |
Fast drafting and summarising on public information |
Cannot touch MNPI, deal pipelines or your compliance perimeter, and hold no memory of what your group has already produced. |
| Market data and analytics platforms |
Levels, issuer data, comparables |
A data layer, not a work layer. Bankers still assemble the document by hand. |
| An internal precedent database |
Puts prior submissions in one place |
Maintained by hand, and hard to query across. |
| More junior bankers |
Analysis and asset creation |
Capacity-bound, and turnover erases what the desk learned. |