By Tony Rilato | July 3, 2025
GMO has deployed artificial intelligence agents to automate financial reporting processes, in a bid to reduce manual tasks involved in reviewing fund statements.
The Boston-based asset manager has tapped fintech shop OnCorps AI to add AI agents – which build upon generative AI but can make decisions autonomously without relying on human prompts – to analyze financial statements, Arnav Garg, OnCorps' chief operating officer, told FundFire. Such reviews typically take financial and regulatory reporting teams hours to read in order to reconcile accounting exceptions or data entry errors to ensure accuracy in final reports, such as misclassifications, net asset value mismatches and incorrect footnotes.
Read the full article here: https://www.fundfire.com/c/4897454/672494/enlists_agents_simplify_financial_reporting
