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: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Busy NeoXam Takes Aim at Private Market Data Challenges

It’s been a busy first half for French data and portfolio management technology provider NeoXam, with expansion of its Australian operations, an addition to its management team and strengthened partnerships with established clients. Amidst this busyness has been a focus on providing private-market data capabilities as buy-side firms increase their exposure to alternatives such as...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....