Freigericht, Germany, September 27, 2022 – FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, and CID, the artificial intelligence (AI) software innovator, announced the launch of an Intelligent Prospecting and Monitoring solution which provides investment professionals with actionable insights to enhance client engagement and optimize new business opportunities.
The solution uses CID’s AI system “Affinity” to continuously capture relevant information from a multitude of qualitative data sources, alongside FactSet’s entity master, people, and ownership database to identify new prospects and monitor signals and event triggers affecting current clients.
Organizations that take advantage of the joint offering will be able to stay up to date on the key events and important changes for existing clients by leveraging proactive alerts and signals that notify users in near real-time. Clients will benefit from the ability to detect new business opportunities driven by liquidity events to develop more timely, well-informed, and effective pitches.
The Intelligent Prospecting and Monitoring solution equips investment professionals with actionable insights to seize the best opportunities to engage with clients and prospects.
“Wealth management firms continue to allocate significant resources toward tools that help advisors grow their books of business,” said Greg King, Senior Director, Head of Wealth Management Strategy at FactSet. “We are excited to work with CID to deliver prospecting insights that ensure advisors make contact with the right person at the right time to maximize client engagement and new business opportunities.”
“By working with FactSet’s rich entity information, our AI system can map events and signals to companies and individuals with extreme precision in near-real time,” said Alexander Stumpfegger, Chief Sales Officer at CID.
FactSet and CID’s joint Prospecting and Monitoring solution is the first in a series of AI-related products and services launched to further strengthen its AI capabilities and help solve clients’ workflow challenges.
For more information, visit: https://cid.com/asset-wealth-management/use-cases/prospecting-client-monitoring and https://www.factset.com/solutions/clients/wealth-management-firms.
About CID
CID is an artificial intelligence software innovator headquartered nearby Frankfurt, Germany, with offices across Europe and the United States. Since 1997, we believe building powerful, long-lasting, and scalable software is as much a creative process as a technical one. CID’s Thematic Intelligence platform Affinity allows asset managers to build better investment solutions by enriching fundamental data with qualitative insights. Sales organizations use Affinity to identify business opportunities from existing customers and new prospects, leverage intelligence and network information to win more business more efficiently, and provide highly relevant advice to build long-term, trust-based client relationships. Learn more at www.cid.com and follow us on LinkedIn: https://www.linkedin.com/company/cid-gmbh.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) delivers superior content, analytics, and flexible technology to help more than 170,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We’re proud to have been recognized with multiple awards for our analytical and data-driven solutions, with the distinction of having been recently added to the S&P 500, and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset.
