JP Morgan invests in research filter solution for FIs Limeglass
Segmentation tool for financial research Limeglass has announced an undisclosed investment from JPMorgan.
The London-based start-up says it automatically analyses paragraphs in research documents “in real-time”, atomising and filtering it to guide the reader to relevant information.
CEO Rowland Park: “Limeglass cuts through the noise”
The solution uses artificial intelligence, machine learning and natural language processing (NLP) alongside its own “cross-asset and macro taxonomy” which smart-tags each paragraph in the set context.
A recent graduate of JP Morgan’s ‘In-Residence Program’, the 13-person team according to its LinkedIn page will continue to enable more banks to personalise their research for both employees and customers.
“The volume of financial research, and the lack of innovation in how it is delivered, means that market participants can spend hours searching through their emails to find information on the trades they are considering,” says CEO Rowland Park.
“Limeglass cuts through the noise, providing users with only the relevant paragraphs in their financial research with a simple search.”
Park spent 20 years as a founding director of Continuum Economics, an up-to-minute market analyst and part of 4CAST.
“We are continuously investing in technology to help deliver industry-leading content and to help us and our clients further mine that value,” says JP Morgan’s head of transformation and implementation Hussein Malik.
