Posts Tagged ‘financial research’

Thinknum Sees Financial Analysis In A New Light

thinknumpixThinknum is a startup with the mission: disrupting financial analysis.

In his work as a quantitative strategist at Goldman Sachs, Thinknum co-founder Gregory Ugwi saw firsthand the trials and tribulations financial analysts went through to digest companies’ financial reports and then build their own research reports about their expectations for future performance based on past numbers. The U.S. SEC’s mandate that companies disclose their financial data using XBRL (eXtensible Business Reporting Language) was supposed to help them, as well as investors of all stripes and sizes that want to better understand what’s going on at the companies they’re interested in.

“The SEC has mandated that all companies have to release their numbers in a machine-readable format, and that’s XBRL (eXtensible Business Reporting Language),” says Ugwi. The positive side of that is that anyone can now get the stats on companies from Google to Wal-Mart, but the downside is that by and large, they can’t do it in a user-friendly way.

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New Semantic Service Aims At Diggng Out The Dollars

Digging out money. That’s the mission of VitalFlux’s ShriGB, which aims to extract meaningful insights from financial Big Data published from various financial portals and make it consumable to users with different needs, from financial brokers to job seekers.

Courtesy: Flickr/aivas14

The app right now is focusing on portals in the Indian marketplace, putting its artificial intelligence to work in its learning phase to create appropriate ontologies, taxonomies and relationships, according to founder and CEO Ajitesh Shukla. The plan is to migrate it to other markets in future. “Once the system starts getting mature, this shall be moved to the global arena,” says Shukla. “It is also understood that different countries financial portals have different ontologies and system may need to get appropriate learning to work appropriately for these countries.”

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