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

FeedStock in Hiring Spree on the Back of AI Growth

Subscribe to our newsletter

The groundswell of interest in AI is certainly buttering the bread of some pioneer Fintech firms, which are now leveraging the momentum of 2020’s growing interest to expand their operations outwards. One of these is London-based AI-driven data analytics platform FeedStock, which this week announced two new hires in a bid to build out its finance team and product development in order to boost further growth.

Charisma Mehta joins the leadership team as Head of Product, driving product development across the firm’s potfolio, reporting to Co-CEO Charlie Henderson. Emily Querfurth also joins as Finance Director, responsible for overseeing the financial performance of FeedStock, and reporting into Co-CEO Lucas Wurfbain.

Founded in 2015, FeedStock utilises natural language processing (NLP) technologies to analyse communication streams, helping complex businesses to track, filter and interpret the data and digital communications that define their relationships. It does so through a data capture platform that analyses human interaction and maps workplace relationships in real-time across investment banks and asset managers initially, principally focusing on MiFID II compliance. The goal is to help businesses understand the value of research relationships and the cost of sales – and how those two elements progress and interact.

The advantage of AI – and particularly NLP – for this type of work task classification is consistency. A frequent issue for both asset managers and investment banks when it comes to manual interactions is the quality of compliance and commerce – the interpretation of when (and what) something should be classified. “What we found is the manual data capture solutions that exist today are unfortunately often very subjective. They have recency bias, and they have huge variation on what is defined as an actual interaction,” explains Henderson. “We see that a good 30-40%, even 50% of interactions, are sometimes completely missed and not even logged. The benefit of NLP in capturing these is obvious – we’ve actually been blown away about how many more interactions a week we capture using NLP based approach.”

This gives an obvious commercial edge – asset managers that have more consistent data about their research relationships are going to benefit compared to those who are still relying on manually logged interactions. And the industry knows it. According to the latest research from Gartner, by the end of 2025 up to 75% of enterprises will shift from piloting to operationalizing AI, driving a five-fold increase in streaming data and analytics infrastructures.

This represents a substantial growth opportunity for firms like FeedStock, who are clearly readying themselves to grab the bull by the horns. “It is an exciting time to lead on product development for FeedStock, ensuring that our product set continues to drive new insight, deliver at scale and create cost optimisation and revenue growth for our clients,” agrees Mehta.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to automate entity data management and due diligence to ensure efficiency, accuracy and compliance

Requesting, gathering, analysing and monitoring customer, vendor and partner entity data is time consuming, and often a tedious manual process. This can slow down customer relationships and expose financial institutions to risk from inaccurate, incomplete or outdated data – but there are solutions to these problems. This webinar will consider the challenges of sourcing and...

BLOG

S&P Global to Acquire Data and Analytical Solutions Specialist Visible Alpha

S&P Global has reached an agreement to acquire Visible Alpha, a provider of industry and segment consensus data, sell-side analyst models and analytics from high-quality, exclusive sources. The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence’s Capital IQ Pro research and analysis platform. Visible Alpha provides consensus...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...