FUNDfire April 2, 2025 - Pimco has developed artificial intelligence capabilities, including "AI agents" to reduce errors occurring in back-office processes – and the fixed income giant hopes other industry firms will embrace its approach. The nearly $2 trillion asset manager teamed up with fintech shop OnCorps AI to build algorithms that detect accounting, trading and other operational errors in the reconciliation process.
The fund operations team at Natixis Investment Managers is responsible for over 575 funds. By applying AI, Natixis has created an automated, comprehensive analysis — resulting in time savings of 92% and fully eliminating one round of review, while generating a transparent audit trail.
For a top 3 global asset manager, OnCorps supports the firm's global accounting oversight system. OnCorps also provides AI based reporting review systems that have significantly boosted worker productivity.
“We utilized OnCorps in select areas of our operations because of their deep expertise in machine learning and financial services operations. OnCorps moved quickly to solve a longstanding industry challenge in the OTC derivative confirmations process. We also believe that the OnCorps platform will enhance our fund NAV oversight.” Josh Ratner, Head of Americas Operations for Pimco
"The biggest benefit of OnCorps’ Review AI is the time savings. Our review time has been cut by 50 to 60% on average. This has allowed our team to focus on more valuable, analytical work rather than repetitive data entry and processing.”
Devin Kelly
Fund Operations
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