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INQDATA and KX Partnership Helps FIs Extract Maximum Value from Data at Speed

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INQDATA, a data science company specialising in the curation, cleansing, mapping, and hydration of data for financial institutions, has partnered KX, provider of the kdb+ Data Timehouse and the KDB.AI vector database, to deliver streamlined data processing, drive informed decision making, and identify new opportunities.

The INQDATA platform, powered by kdb+ , addresses issues associated with increasing volumes and complexity of data, such as data quality at scale, maintenance of feed handlers, cleansing processes, and onboarding costs. It provides real-time data in the cloud that is ready to be used and acted upon immediately, and enables organisations to curate, cleanse, map, and hydrate data, ensuring its accuracy, integrity, quality, and consistency to a required standard.

The partners say that with immediate access to cleansed data, data scientists, quantitative analysts, and engineers can quickly test new strategies, minimise time-to-market, and remain agile in fluctuating market conditions.

Theodore Voegt, CEO of INQDATA, comments: “Combining our data science expertise with KX technology will empower financial institutions to extract maximum value from their data faster than before without having to do the low-touch, repetitive and non-core work that occurs across the industry today.”

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