SGX Group selects India’s Impactsure for financial data extraction

By Leandra Monteiro

Singapore Exchange (SGX Group), a multi-asset exchange, has selected India’s AI/ML-enabled document analytics company Impactsure Technologies’ SaaS platform to extract structured corporate financial data from its data repository.

Impactsure has deployed its SureXtract solution at SGX, which is powered by the SURE Platform (Secured Unified Responsive Engine). SURE is a patent pending AI/ML + NLP solution that derives insights from structured and unstructured data in printed documents, contracts, scanned images, pictures, handwritten notes, IoT sensor data and many other applications. As a listing venue for international companies across diverse sectors and with an investment platform that is used by global investors, SGX provides investors access to structured data from financial statements and annual reports that are submitted by listed companies. The exchange extracts such key information and data from unstructured PDF documents.

“Impactsure’s SureXtract is a capable data extraction platform that supports SGX in extracting financial statement data of SGX-listed companies from unstructured PDFs efficiently and reliably. Impactsure’s team was also impressive in rolling out their solution for us in a very short time,” said Ng Kin Yee, Managing Director and Head of Data, Connectivity & Indices, SGX Group.

Dharmarajan Sankara Subrahmanian, Founder Director & CEO, Impactsure said, “SGX selected Impactsure after a thorough RFP process and evaluation.  Impactsure leveraged its SureXtract solution to extract 60+ different data points from unstructured Annual Reports and Financial Statement in PDF format. The solution is scalable to support high volumes during earnings seasons, when many companies report their financials in short time window. SureXtract leverages Artificial Intelligence and Machine Learning Technologies”.

Impactsure has entered into several strategic alliances and partnerships with established players Google, Deloitte, Microsoft and Amazon and others, to expand its reach and impact. The company has been expanding its global footprints and has also increased its human capital by tripling its headcount in the last one year.