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Accern and LPA partner to deliver AI-Powered Investment Research

By Edlyn Cardoza

February 09, 2022

  • Accern
  • Asset Management
  • Capital Markets

Accern, LPA, Capital Markets, Investment Research, New York, USA, ESG, Risk, Compliance, Asset Management, Financial ServicesAccern, a leading no-code artificial intelligence (AI) platform for financial services, recently announced a new strategic partnership with LPA, the software and consulting firm focused on technology for the capital markets. The partnership will drive additional growth for both firms by combining LPA’s deep capital markets expertise with Accern’s platform, driving the adoption of AI-powered investment research among clients in North America, Europe, and Asia.

LPA provides technical innovations and consulting services for the capital market industry, optimizing processes and ensuring regulatory compliance. The partnership strategically aligns the long-term missions of both companies, aligning Accern’s approach to AI technology with LPA’s capital market and asset management expertise across AI and analytics, ESG, Risk and Compliance, and Distribution Advisory.

Accern continues to identify innovative approaches to partnerships that enable us to stay at the forefront of investment research insights in the financial services industry,” said Kumesh Aroomoogan, Co-Founder and CEO of Accern. “Working with a capital markets technology leader like LPA will drive wider AI adoption among financial services firms around the world. This partnership supports the broader approach across our customer base to bring quality AI solutions to our clients in a way that supports our core business.”

Massive amounts of data are generated each day, making it increasingly difficult for institutional investors to monitor their positions, evaluate opportunities and make informed investment decisions. Combining Accern’s platform and LPA’s rapid prototyping factory approach facilitates a competitive advantage and fast delivery. Using Accern, investors can quickly extract valuable information, including insights from earnings calls, real-estate reports, news, and job listings, among other critical pieces of information. Additionally, the platform empowers business users to build AI models without technical expertise.

Tangible use cases of how institutional investors can benefit from the Accern and LPA partnership include:

  • Issuers Monitoring Dashboards enable Investors to screen, categorize, mine and analyze unstructured text data quickly while regularly monitoring their positions
  • Saving time for Research Publications: extracts key statements and topics from quarterly results for research commentary
  • Central Bank Communication: generates insights about interest rate policies
  • Early Warning Signals: identifies changes in creditworthiness and manages risk
  • Nowcasting Macroeconomic Indicators: monitors, researches, and analyzes unstructured data in real-time
  • Regulatory Text Analytics: monitors and tags upcoming regulatory topics and texts for the financial services industry to keep track of the potential impact

Daniela Rothley, the Consulting partner at LPA, adds: “I´m happy to announce our partnership with Accern. Together, we can provide the financial services industry with AI-powered consulting services coupled with an integration platform that accelerates development and scaling of AI across the sector. This will ultimately generate a competitive edge for early adopters of AI and solve critical challenges that they face each day. We’re looking forward to working with Accern to combine their innovative state-of-the-art technology with our deep capital markets domain expertise and bring news ideas into reality. With LPA’s New York office soon to be opening, we look forward to a positive partnership, not only for LPA and Accern but also our mutual clients.”

Recently, IBS Intelligence reported that LPA announced the expansion of its United Kingdom consulting team with two additional senior hires: Russell Chumbley as Director: Capital Markets Consulting, Technology, Development & Transformation and James Kirkham as Head of UK Risk Function.

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