New software to automate asset manager's portfolio commentaries
Narrative Science is partnering with Vermilion Software to provide asset managers with software that automates the creation and distribution of portfolio commentary. Narrative Science’s Quill, its advanced natural language generation (NLG) product, will be integrated with Vermilion's Reporting Suite to streamline the process and reduce the time spent to create a portfolio commentary from weeks to seconds.

Courtesy of a new partnership between Narrative Science and Vermilion Software, asset managers will have access to advanced natural language generation (NLG) technology to help them compose portfolio commentary.

“This fully integrated offering will be invaluable to our joint clients, as writing portfolio commentary is a universal pain-point in the reporting process,” Vermilion SVP Ben McCormack said. He added that the technology will give clients an “immediate return” and enable asset management companies to provide “compliant, high-quality client experiences.”

Pictured (left to right): Narrative Science CTO Kris Hammond and Katy De Leon, VP of marketing, demonstrated Quill for Financial Services at FinovateSpring 2013.

Calling the partnership a milestone and a “major innovation for the asset management industry,” Narrative Science COO Nick Beil said that the combined technology offers asset managers “a unique competitive advantage … by fully automating the process around commentary creation and distribution.”

Narrative Science’s advanced NLG platform, Quill, will be integrated into the Vermilion Reporting Suite (VRS). The integration will streamline the portfolio commentary creation and distribution process, and scale reporting coverage and frequency “exponentially” to support both high-volume and rapidly growing customer bases. The company says the integration will also boost productivity by reducing the time taken to build portfolio commentary “from weeks to seconds.”

Founded in 2010 and headquartered in Chicago, Illinois, Narrative Science last demonstrated its technology at FinovateFall 2013. The advanced natural language generation specialist launched its Narratives for Power BI technology in April, and Narratives for Qlik in January. Recently profiled in Forbes and featured in The New York Times, Narrative Science has raised more than $29 million in funding. Stuart Frankel is CEO.