Northfield Information Services has launched Risk Systems That Read, a risk-analysis tool that uses big data and machine learning techniques to digest thousands of financial news stories. The platform can analyse real-time information rather than just past data, the company said. The product, developed in partnership with Alexandria Technology, is expected to appeal to hedge fund managers, asset owners and high-frequent traders, and offers a more complete picture of risk, according to Northfield President FactSet.
Northfield Information Services has launched Risk Systems That Read, a risk-analysis tool that uses big data and machine learning techniques to digest thousands of financial news stories. The platform can analyse real-time information rather than just past data, the company said. The product, developed in partnership with Alexandria Technology, is expected to appeal to hedge fund managers, asset owners and high-frequent traders, and offers a more complete picture of risk, according to Northfield President Dan diBartolomeo.