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 organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

New Bloomberg US BDC Index Offers Insight into Private Credit

Bloomberg has launched a new index that brightens the light that is bringing transparency to often opaque private markets, this time with a focus on one of the sector’s more specialised corners. The New York-based data behemoth’s US BDC Aggregate Eligible Index (Ticker: BDCUSAGG) gives investors a unique view into how bonds issued by the...

EVENT

TEST Event page 2

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

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...