First Rate and bondIT Announce Strategic Partnership to Provide AI-Driven Fixed Income Analysis and Reporting Solutions for the US Wealth Market

Arlington, TX/New York, NY – June 26, 2023 – First Rate, a leading provider of wealth management solutions to the financial services marketplace, and bondIT, a leading provider of next-generation investment technology, announced today their partnership to provide advanced Explainable AI (XAI) technology and an innovative API-driven client reporting tool to wealth management firms.  This strategic partnership is driven by the initiative to facilitate better investment decision making and enhance transparency.

bondIT’s Scorable solution, leverages the analytical power of Machine Learning and Explainable AI to turn data into actionable insights and helps firms to anticipate critical bond rating changes ahead of the market. Scorable Credit Analytics predicts downgrade and upgrade probability of more than 3,000 rated corporate and financial issuers worldwide within a 12-month timeframe. The Scorable Rating Transition Model analyses more than 250 unique variables daily, allowing wealth managers to make informed investment decisions, outperform peers, and stay ahead of fixed-income changes. Thanks to its XAI approach, Scorable creates transparency and enables users to understand the drivers behind the predictions.

“Through our partnership, bondIT and First Rate empower wealth managers with advanced tools and capabilities to enhance their credit risk research and reporting,” explains David Curtis, Partner at bondIT.

“By leveraging technology, wealth managers can make well-informed investment decisions, effectively manage exposures, and provide comprehensive insights to clients,” adds Andrew Merrill, Head of North America Sales at bondIT.

First Rate’s AI-driven reporting tool allows wealth managers to customize their client reports by integrating Scorable’s Explainable AI technology using custom APIs and widgets. With the ability to pull in data from structured and unstructured data sources, this integration allows the advisor to aggregate data sets and communicate the full investment story as well as upside and downside trends including advanced reporting options such as average rating transition classes and rating trends. Our team of data and performance experts provide recommendations to support strategic objectives.

“The partnership of First Rate and bondIT adds strategic value to customers of both firms by providing insight into their fixed income assets’ risk and opportunities through explainable AI and top-tier client reporting.”, says Alex Serman, Managing Director of Wealth at First Rate. “Combining the analytics with holistic reporting will create more informed conversations with clients and deepen advisor relationships while creating value to the portfolio.”

The First Rate and bondIT partnership empowers advisors to broaden research capacity and efficiently manage their exposures through volatile market environments as well as create transparent and compelling investment stories for their clients.

 

About First Rate

First Rate exists to help wealth management companies grow and thrive as stewards of their clients’ investments. Our innovative services and solutions help financial firms create absolute transparency, enhance efficiency, and empower advisors to create more meaningful and intelligent investment strategies for their clients. It’s technology as it should be.

First Rate’s flexible solutions adapt to the evolving demands and complex challenges of the wealth management industry. With a proven track record including more than 30 years of experience, our relentless focus on meeting the diverse needs of our partners is unmatched in the industry.

Through data aggregation, performance calculation, client reporting, and intelligent data analytics backed by a powerful AI engine, our innovative technologies enable wealth managers to grow their businesses by enhancing efficiency and providing strategic value to investors.

Website: www.FirstRate.com

Follow us: @FirstRatePerf

 

About bondIT

bondIT provides next generation front office investment technology. We combine Data Science, Explainable-AI (XAI) and Advanced Technologies with Fixed Income investment know-how to improve the performance, accuracy and efficiency of our clients’ investment processes and businesses. bondIT is privately owned and paving the way for financial institutions of all sizes to integrate the power of greater technology in their investment processes. bondIT adheres to the highest privacy and security standards and is SOC 2 certified by Ernst & Young. For more information, please visit bonditglobal.com and follow us on LinkedIn.