FactSet Bets on Agentic AI to Automate the Investment Banking Deal Cycle
"At FactSet, we envision a future in which powerful intelligence and AI agents seamlessly enhance one another."
FactSet has announced the alpha launch of FactSet AI for Banking, an AI-powered workflow automation platform developed in partnership with Finster AI. The company also disclosed an equity investment in Finster AI as part of the collaboration, though financial terms were not provided.
According to the company, the platform targets investment banking teams, research firms, and sell-side organizations, automating deal processes through natural language prompts and trigger-based agents. It also generates pitch materials, company profiles, memos, research reports, and buyer-seller analysis across the deal lifecycle.
"At FactSet, we envision a future in which powerful intelligence and AI agents seamlessly enhance one another," said Kate Stepp, Chief AI Officer at FactSet. "With FactSet's new AI solution for banking, we are delivering an agentic ecosystem that unlocks seamless access to an unprecedented array of datasets, proprietary agents, and task automation capabilities."
The platform integrates with FactSet Workstation and Microsoft Office Suite. Deployment options include virtual private cloud and single tenant configurations, designed to meet the security and compliance requirements of regulated financial institutions, according to the company.
Clients can incorporate their own Model Context Protocols and proprietary datasets alongside FactSet's existing data universe, allowing the platform to serve as a centralized environment for investment banking content from multiple sources.
The open architecture allows banks to combine Finster-enabled AI agents with FactSet's proprietary datasets and their own internal data, creating a single supervised environment for deal origination, research, and execution. Full auditability across the deal lifecycle is also built into the platform.
The alpha version is currently available to select clients, with broader rollout planned through 2026. FactSet said the initiative is designed to expand bankers' deal capacity while improving the quality and speed of client interactions.
FactSet is headquartered in Norwalk, Connecticut, and provides financial data and analytics to more than 9,000 global clients and more than 239,000 individual users across 19 countries.
"FactSet's vision for AI aligns deeply with our belief that the future of finance will be driven by intelligent AI agents operating natively within workflows," said Sid Jayakumar, CEO of Finster AI.