FactSet Bets on Agentic AI to Automate the Investment Banking Deal Cycle

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.