Advancements in NLP bring focus to document insight
Vendors are looking to provide AI models to help financial professionals get more value out of unstructured data sources.
Natural language processing is a subset of artificial intelligence for parsing human speech and text. Large companies in the capital markets are investing in NLP-based tools and interfaces, hoping to market them to clients that must find meaning in large, unstructured datasets and documentation.
S&P Global, for one, invested in and then bought Kensho Technologies, a startup focused on AI for financial services, for $550 million in 2018. Kensho now bills itself as the innovation hub of S&P
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