OnCorps AI Announces Strategic Partnership with PIMCO to Advance AI in Financial Operations

OnCorps AI deepens collaboration with PIMCO, strengthening AI-driven innovation in financial operations to help deliver enhanced value to clients.

BOSTON, April 2, 2025 /PRNewswire/ -- OnCorps AI, a leader in delivering production AI solutions for financial operations, today announced a strategic partnership with PIMCO, a leading global asset management industry investment management firm. The partnership will enable the asset management industry to securely share sophisticated algorithms developed by OnCorps AI, with the expert guidance and fine-tuning from PIMCO experts.

For over five years, PIMCO and OnCorps AI have collaborated to develop AI solutions designed to optimize financial operations, enhance efficiencies and minimize risk in accounting oversight and middle office reconciliations. These innovations have allowed PIMCO to enhance the accuracy and transparency of its accounting and investment operations. OnCorps AI has just released a groundbreaking feature that enables the secure sharing of pre-trained algorithms. PIMCO professionals have been working with OnCorps AI machine learning specialists to train and fine-tune algorithms for several years. This means other firms can benefit from these algorithms in production today. Moreover, the feature will deliver other firms alerts on common issues as well as benchmarking on root causes and operational performance.

"OnCorps AI has helped us transform key elements of our middle and back office functions with its innovative solutions," said Peter Strelow, co-COO of PIMCO. "By deepening our partnership with OnCorps AI, we are also investing in technology that will offer our industry peers a head-start in achieving the benefits we've realized from OnCorps AI's solutions."

Bob Suh, Founder and CEO of OnCorps AI, said, "PIMCO has always taken a leadership position as an innovator in products and technology. Our long-term work with PIMCO has helped us enhance our algorithms, which are now ready for use across the financial services industry. These pre-trained models, developed alongside PIMCO and other major asset managers, allows everyone in the industry to leverage solutions refined from years of PIMCO's feedback."

About OnCorps AI

OnCorps AI elevates work and decision making in financial services operations through Review AI, which streamlines financial reporting reviews, reducing review hours by 90% and eliminating entire draft cycles, and Recon AI, which transforms NAV oversight by cutting false positives by 90% with pre-trained machine learning algorithms that detect anomalies at the transaction level. Trusted by firms managing a combined $12 trillion+ in assets, our solutions dramatically reduce labor, risk, and cycle times. Learn more at www.oncorps.ai/

About PIMCO

PIMCO is one of the world's premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50 years since, we have continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today we have offices across the globe and professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.

Media Contact
Ellis Messian
OnCorps AI
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SOURCE OnCorps AI