About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

AI-Powered Data Extraction from Clearwater Analytics

Subscribe to our newsletter

Clearwater Analytics, a Software-as-a-service (Saas) buy-side data aggregation and portfolio reporting specialist, this week launches a new machine learning-based information extraction service.

The data extraction solution focuses on data aggregation and normalization, drilling into transactional data to create a service that automates the ingestion of many types of data which are traditionally manually entered.

The solution uses advanced AI techniques including natural language processing (NLP) and deep learning to identify key data elements in a variety of document types, then extracts the data and feeds it into Clearwater’s data aggregation engine to be reconciled.

“We are committed to providing our clients with the most accurate data possible for their reporting needs,” says Warren Barkley, Chief Technology Officer at Clearwater Analytics. “Machine learning-backed data extraction eliminates the need for manual intervention with unstructured data and allows our clients faster access to more accurate information.”

Barkley joined Clearwater Analytics as technology chief just a few months ago from Amazon Web Services, where he had a particular focus on cloud computing solutions as general manager in the AWS machine learning group. He replaced James Price, who recently moved over to take on the role of Chief Quality Officer.

Founded in 2004, the firm claims to report on more than $4 trillion in assets for clients including JP Morgan and Facebook. As it looks to evolve its Saas automated investment data aggregation, reconciliation, accounting and reporting platform, the new service will be an interesting addition.

But is it in time? According to sources, the private equity-owned Clearwater is currently exploring a sale that could be worth up to $2 trillion, including debt. Welsh, Carson, Anderson & Stowe, the buyout firm which acquired its majority stake in the business in 2016 for an undisclosed amount, has hired an investment bank to review strategic options for Clearwater, reported Reuters in early August.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and reduce costs. Use cases of specific importance to the finance sector, such as data...

BLOG

Private Markets Growth Exposes Asset Servicing’s Infrastructure Gap

By Toby Glaysher, Chairman, FINBOURNE. Asset servicers face a paradox: winning business in the industry’s fastest-growing segment whilst discovering that growth erodes rather than enhances profitability. Private markets represent both strategic opportunity and operational crisis, exposing fundamental limitations in infrastructure built for a different era. When growth creates problems The expansion into private credit, infrastructure...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

The Data Management Challenges of Client Onboarding and KYC

This special report accompanies a webinar we held on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. You can register here to get immediate...