Artificial intelligence tools can make the daily tasks in investment banking easier. There are various tools and platforms that can analyze data, identify acquisition targets, build buyers lists, help writing emails and crafting slide decks. In this article, we’ll explore the best AI for the investment banking industry.

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AI tools for Improving Communications and Workflows

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Sentient Email

Sentient Email is designed to automate and manage email responses. It helps users handle their inbox more efficiently by automatically crafting replies based on the subject, tone, and user preferences. 

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Key Features:

  • Email automation & sequencing
  • Customizable replies to match users style 
  • Filtering and prioritization of emails 

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Inbox Pro

InboxPro helps users manage high volumes of emails. It is an AI-powered email management tool designed to enhance productivity and sales efficiency. 

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Key Features:

  • Email automation & follow-up emails based on triggers
  • Calendar integration and scheduling directly within the app
  • Monitoring email opens and clicks

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Symphony

Symphony is a secure, cloud-based communication platform tailored for financial professionals. With AI capabilities, Symphony enhances collaboration, automates workflows, and ensures compliance with financial regulations.

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Key Features:

  • AI-driven communication tools
  • Automated workflow management
  • Secure and compliant messaging

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AI tools for Deal Sourcing

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When it comes to deal sourcing, the traditional players have proven to be useful in finding potential companies. However, while some of the traditional platforms are adding AI-based features, some platforms have been built on AI foundation from the get-go. These newer platforms with AI capabilities as the core of the company are becoming forerunners in identifying potential deals across markets. 

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Inven

Inven is an AI-powered platform designed for investment banking professionals to quickly identify buy-side targets and potential acquirers for sell-side mandates. The platform reduces hours of desktop research and provides all relevant companies and their data points in one place. Inven evaluates M&A targets quickly across global markets by keywords, search parameters, or matching example companies. The platform is also useful for deriving market insights. 

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Key Features:

  • Covers 23M+ companies globally, from startups to corporations. Especially focused on lower-middle market and middle-market companies.
  • Wide range of data points, including ownership, funding data, operational locations, and contact information. 
  • Easy-to-use search tool to build target lists and track specific companies and their key events.
  • Contact data of 430M+ professionals with a focus on titles such as CEO, Founder, Owner, Head of M&A and CFO.
  • Investor search for finding investors.
  • Intent signals that locates companies likely to sell based on ownership, funding, and career.
  • Automated AI Screening for conducting initial analysis of the company list.

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PitchBook

PitchBook offers a robust financial data and analytics suite on global capital markets. It includes datasets on private and public companies, including M&A, private equity, venture capital, and public financial markets. PitchBook produces proprietary research for capital market professionals, and incorporates some AI to provide predictive analytics and trends. 

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Key Features:

  • Provides company profiles, financials, and funding history.
  • Information on M&A, such as deal amounts and deal multiples.
  • Real-time updates on market trends and proprietary research.
  • Tools for financial modeling, market research, and benchmarking. 

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Tracxn

Tracxn is a company that provides information and analysis on the latest trends and developments in the global startup ecosystem. They offer a platform for monitoring the dynamic startup landscape.

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Key Features:

  • Covers 3M+ startups and private companies from unfunded to seed to unicorns. 
  • Helps users find companies based on specific criteria.
  • Reports on emerging sectors and market trends.

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Dealroom

Dealroom is a software company that provides M&A deal lifecycle management solutions. They offer a platform designed for due diligence, post-merger integration, and project management processes. Dealroom enables knowledge transfer between diligence and integration. Their platform helps users track innovation, and measure and grow their tech ecosystems. 

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Key Features:

  • Data on companies, investors, and corporations globally.
  • Research services identify market trends and macro-developments.
  • In-house Intelligence Unit for following funding rounds, acquisitions, and company milestones.
  • Startup Database
  • API access for integration

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Sourcescrub

Sourcescrub focuses on private company data and connects data from different sources with a human-in-the-loop process. Sourcescrub has AI-powered features for screening and organizing data. It also provides on-demand data operations.

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Key Features:

  • 15M company profiles.
  • Tools for tailored searches to identify potential investment opportunities.
  • Partially relies on manual data collection and updates. 
  • Integrations with CRM systems. 

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Grata

Grata is an AI-powered search engine designed to discover and research middle-market companies. Grata offers different pricing tiers based on the level of access and features required, such as search capabilities, filters, and integration with CRM systems. 

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Key Features:

  • Offers profiles of 12M middle market companies with up-to-date information.
  • 8M business owners and executives.
  • Search features based on industry, geography, financials, and more.
  • Pitch decks on demand.
  • Insights for deal sourcing and market analysis.

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AI tools for crafting slide decks

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AI Slide Maker

AI Slide Maker is a presentation tool that uses AI to help users create slides quickly and easily. Key features include design suggestions, collaboration tools, and an intuitive interface. It allows users to generate visually appealing and structured slides by simply providing text input or key points.

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Key Features:

  • Quickly generates complete presentations.
  • A variety of editable designs.
  • Edits text and layout for clarity and impact.

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SlideInstantly 

SlideInstantly automatically generates PowerPoint presentations. By inputting a brief description or key points, the tool creates a fully designed and structured slide deck in seconds.

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Key Features:

  • Quickly creates professional presentations.
  • Editable templates and designs.
  • Automates the slide creation process.

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Mentimeter

Mentimeter is an interactive presentation platform that allows users to create engaging presentations with real-time audience participation. It's ideal for event organizers to make presentations more interactive and engaging.

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Key Features:

  • Offers a range of customizable templates for different types of presentations. 
  • Interactive polls, quizzes, and word clouds.
  • Instant feedback collection through surveys and Q&A sessions and visualization of audience responses.

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AI tools for Market Intelligence

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Kensho 

Kensho is an AI platform developed by S&P Global. This tool utilizes machine learning algorithms, helping banks to extract insights from unstructured data such as earnings call transcripts and news reports. They offer services such as flattening and standardizing information, extracting data from documents, and connecting data to external knowledge sources.

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Key Features:

  • Real-time data analysis
  • Predictive analytics for market trends
  • Risk management and scenario analysis

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Alphasense

Alphasense is an AI-powered search engine designed specifically for financial professionals. AlphaSense is a market intelligence platform that helps professionals make smarter business decisions by delivering insights from a wide range of public and private content. It uses NLP and machine learning to sift through financial documents, research reports, and news articles, delivering relevant information instantly. Alphasense saves time by providing investment bankers with the most relevant information when they need it.

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Key Features:

  • AI-driven search and discovery
  • Real-time market sentiment analysis
  • Customizable alerts for market-moving events

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Bloomberg Terminal with AI Enhancements

The Bloomberg Terminal has long been a staple in investment banking. Recent AI enhancements have made this tool even more powerful. Bloomberg now offers advanced predictive analytics, sentiment analysis, and personalized financial insights. 

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Key Features:

  • Provides up-to-the-minute data on global financial markets.
  • Tools for financial modeling, portfolio management, and risk analysis, including AI-driven market predictions.
  • Delivers breaking news and in-depth research from Bloomberg and other sources.
  • Personalized data visualization, messaging and collaboration features.

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S&P Capital IQ Pro

S&P Global Capital IQ Pro is a financial research and analysis platform by S&P Global Market  Intelligence. It offers comprehensive data, analytics, and research tools. S&P Global is a trusted source of information for professionals in the investment banking industry.

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Key Features:

  • Extensive financial information and market data.
  • Tools for financial modeling, risk assessment, and valuation.
  • Research and reports across various sectors.
  • Personalized data visualization for tracking relevant metrics.

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AI tools for Summarizing and Arranging Data

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OpenAI's GPT-4

OpenAI is a research organization and AI technology company, whose GPT-4 is a pioneer large language model. AI models like GPT-4 are used in various applications, such as generating human-like text, summarizing documents, and providing coding assistance. It has applications in automating data analysis and generating videos and visual material.

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Key features:

  • Producing written material, including reports, summaries, and presentations.
  • Extracting insights from complex documents.
  • Supporting client communication with faster writing of personalized responses.

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Tableau

Tableau is a data visualization and business intelligence tool that helps users analyze, visualize, and share data insights. Tableau is widely used across industries.

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Key Features:

  • Interactive and shareable dashboards.
  • Connects to various data sources, including spreadsheets, databases, and cloud services.
  • Provides live visual analytics for immediate insights.
  • Facilitates sharing insights across teams via Tableau Server or Tableau Online.

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Power BI

Power BI is a business analytics tool by Microsoft that allows users to visualize data and share insights across their organizations. The tool helps organizations make data-driven decisions by transforming raw data into meaningful insights, with minimal technical expertise.

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Key Features:

  • Create and share dashboards across devices.
  • Integrates with various data sources like Excel, SQL, and cloud services.
  • Provides real-time analytics.
  • Utilizes AI for data analysis, including natural language queries and automated insights.

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ThoughtSpot

ThoughtSpot is a business intelligence and analytics platform that enables users to explore and analyze data through simple, natural language queries. It connects to various data sources, both on-premises and in the cloud.

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Key features:

  • NLP based feature for searching data.
  • Identifies trends, anomalies, and patterns.
  • Real-time, customizable dashboards and visualizations.

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Power Query

Power Query is Microsoft’s data connection technology in Excel and Power BI that enables users to import, transform, and clean data from various sources. It automates data cleaning and transformation tasks, being ideal for more productive data analysis and reporting.

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Key features:

  • Data import from multiple sources like databases, web services, and files.
  • User-friendly interface to reshape, clean, and combine data without coding.
  • Automated data refreshes. 
  • Integrations with Excel and Power BI.

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DataRobot

DataRobot is a company that provides AI and machine learning solutions. They offer modeling tools, data partitioning and validation, optimization metrics, and AI report generation. DataRobot helps businesses with data analysis and decision-making by offering predictive modeling capabilities.

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Key features:

  • Creates and deploys machine learning models.
  • Tools for data cleaning and feature engineering.
  • Facilitates easy deployment and monitoring of AI models.

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AI tools for more convenient use of excel

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Microsoft CoPilot for Excel

Microsoft CoPilot is an AI-powered assistant that helps with complex formulas, data analysis, and report generation. It assists in doing more with data in Excel tables by generating formula column suggestions, showing insights in charts and PivotTables, and highlighting interesting portions of data. Copilot streamlines workflows and quickly summarizes large datasets into key insights.

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Key features:

  • Allows users to ask questions and generate insights directly from data.
  • Simplifies complex data analysis and visualization.
  • Helps create and debug Excel formulas.

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GPT Excel

GPT Excel is an add-in for Microsoft Excel that uses GPT-4 technology to assist users. The user interface resembles ChatGPT where users can ask for formulas and data insights. GPT Excel can perform natural language queries directly within Excel. This tool is designed to help users quickly perform tasks that would otherwise require advanced Excel knowledge.

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Key features:

  • Generates complex Excel formulas based on natural language input.
  • Summarizes and interprets datasets, offering insights directly within Excel.
  • Allows users to ask questions and get actionable insights from their data.
  • Identifies and suggests fixes for formula errors.

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ExcelMaster

ExcelMaster.ai is a tool for automating complex tasks and generating formulas in Microsoft Excel. It creates complex Excel formulas with AI assistance and provides real-time assistance for analysis.

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Key features:

  • Offers support, insights and recommendations based on the data.
  • Includes error detection for correcting errors in formulas.
  • Streamlines repetitive Excel tasks.

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Sheety.ai

Sheety.ai is a tool that helps you to generate formulas for Excel and Google Sheets spreadsheets. It uses AI to understand the problem described by the user and generate the correct formula. It helps to create complex formulas and ensure accuracy in spreadsheet tasks.

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Key features:

  • Generates accurate formulas based on the user's natural language input.
  • Allows users to input specific requirements for tailored formulas.
  • Ensures more convenient Excel experience.

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ExtendOffice Kutools AI Aide

Kutools AI Aide is one of 300+ features of Kutools for Excel. It integrates the capabilities of artificial intelligence, specifically OpenAI's ChatGPT, directly into Microsoft Excel. It acts as a bridge between the AI language models and Excel’s spreadsheet environment. The tool is designed to simplify repetitive tasks and make Excel more user-friendly. 

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Key features include:

  • Supporting users in creating specialized functions, custom formulas, and generating code. 
  • Simplifies tasks like merging sheets, batch editing, and formatting.
  • Workbook and worksheet management, including splitting and combining files.

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AI Powering the Next Generation of Investment Banking

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Investment banks can take advantage of many functional AI tools. From writing emails and creating slide decks to deal sourcing and market intelligence, there are tools for all use cases. Banks that adopt these platforms will be better able to make their professionals’ daily work life more convenient and productive. In the future, the banks that are able to adopt and benefit from the use of AI platforms is what will influence part of their success.

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