Products: Augmented Financial Analyst
Overview: Founded in 2008 in Lyon, France, and now with offices in Paris, New York and Bogota, Yseop specialises in artificial intelligence (AI) using natural-language generation (NLG) technology. The company’s client list includes some big names in a variety of industries including finance (Crédit Agricole, Factset, BNP Paribas), pharmaceuticals (Sanofi) and computer software (Oracle).
Yseop partners with strategic consulting firms and system integrators, such as Capgemini and LTI, which have integrated the Yseop NLG solution.
Currently it claims more than 50,000 users for its no-code and AI-based intelligent report automation tool, Augmented Financial Analyst (AFA). AFA automatically transforms data sets into narrative reports with actionable insights.
AFA is designed for large-scale enterprise-level deployment with report generation on-demand. Users are able to create and automate text-based reporting from all structured financial data such as balance sheets, profit and loss reports, sales reports and tax returns. The solution aims to remove the risk of human error or any room for interpretation by providing automated written and explained reports on achieved results.
Clients: SFR, Oracle, BNP Paribas, La Banque Postale, KBC Asset Management, Crédit Agricole, FactSet
Active region(s): Europe, North America
Partners: Automation Anywhere, Capgemini, Litera
Funding: Series A
Elevator pitch: “Yseop’s Augmented Financial Analyst solution uses artificial intelligence (AI) technology to extract meaning from bank data, and generate reports written in a user’s natural writing style and syntax.
Insights are drawn from structured data including balance sheets, sales reports and income statements using an NLG engine, as well as natural-language understanding (NLU) and machine learning (ML) capabilities. Reports can be written in seven different languages.
Augmented Financial Analyst employs a no-code, drag-and-drop user interface, and allows users to design, configure and customise their reporting models without special tech support.”
Phone: +33 6 99 65 71 91
TMI view: Making use of AI and NLG to bring vast data resources under control and create useful information is a welcome addition to the financial technology canon.
Verdict: The client list to date suggests Yseop has established itself as a leader among FIs. Next step is to win over the corporate space.