JP Morgan, which earlier admitted financial research firm Limeglass into it’s in residence program for incubating promising start-ups, has now bought a stake in the firm.
Head of Transformation & Implementation for sales and research at JP Morgan, Hussein Malik said,
“We are continuously investing in technology to help deliver industry-leading content and to help us and our clients further mine that value.”
Limeglass addresses the research documents in the banking sector. Investors or traders trying to know more before taking a business decision are lost in the byzantine layers of research papers and may overlook critical information regarding their trade.
Limeglass “Research Atomisation” service combines proprietary Natural Language Processing (NLP), Artificial Intelligence (AI) and machine learning to analyze each paragraph in research papers in real-time and also takes the context and structure into consideration and smart-tags it.
Limeglass’s Chief Technology Officer and Co-founder Simon Gregory said,
”We looked at the research consumption and distribution workflows from first principles and realized that the document-centric approach was limiting access to the content….We’ve created a whole new way for market participants to engage with financial research.”
Limeglass’s CEO and Co-founder Rowland Park said,
“It is all too easy to miss vital information buried deep in large documents, wasting time and valuable research insights. Limeglass cuts through the noise, providing users with only the relevant paragraphs in their financial research with a simple search.”