‘The end of the beginning’: Brown Brothers Harriman re-invents itself
Voice of the CDO: Firms who want to use AI successfully better start with their metadata, says BBH’s Mike McGovern and Kevin Welch.
Make no mistake; the oldest private bank in the US is not a tool-builder, and it does not want to be.
For anyone who has followed Brown Brothers Harriman’s technological journey, this may come as a surprise. In fact, the bank has built several tools: Ants, an anomaly tracking system that weeds out false exceptions during net asset value (NAV) strikes; Linc, a reconciliations tool; Guardrail, which monitors NAV movements and flags variances from historical performances; and an algo validation tool
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