NEW YORK and FRANKFURT, GermanyFeb. 8, 2022 /PRNewswire/ — Accern, the leading no-code artificial intelligence (AI) platform for financial services, announced today a new strategic partnership with LPA, the software and consulting firm focused on technology for the capital markets. The partnership will drive additional growth for both firms by combining LPA’s deep capital markets expertise with the Accern NoCodeNLP Platform, driving the adoption of AI-powered investment research among clients in North AmericaEurope, and Asia.

LPA provides technical innovations and consulting services for the capital market industry, which optimize processes and ensure regulatory compliance. The partnership strategically aligns the long-term missions of both companies, aligning the Accern approach to AI technology with the LPA capital market and asset management expertise across AI and analytics, ESG, Risk and Compliance, and Distribution Advisory.

“Accern continues to identify innovative approaches to partnerships that enable us to stay at the forefront of investment research insights in the financial services industry,” said Kumesh Aroomoogan, Co-Founder and CEO of Accern. “Working with a capital markets technology leader like LPA will drive wider AI adoption among financial services firms around the world. This partnership supports the broader approach across our customer base to bring quality AI solutions to our clients in a way that supports our core business.”

Massive amounts of data are generated each day, making it increasingly difficult for institutional investors to monitor their positions, evaluate opportunities and make informed investment decisions. Combining Accern’s platform and LPA’s rapid prototyping factory approach facilitates a competitive advantage and fast delivery.

Using Accern, investors can quickly extract valuable information including insights from earnings calls, real-estate reports, news and job listings among other critical pieces of information. Additionally, the platform empowers business users to build AI models without technical expertise.

Tangible use cases of how institutional investors can benefit from the Accern and LPA partnership include:

  • Issuers Monitoring Dashboards: enables Investors to screen, categorize, mine, and analyze unstructured text data quickly, while regularly monitoring their positions
  • Saving time for Research Publications: extracts key statements and topics from quarterly results for research commentary
  • Central Bank Communication: generates insights about interest rate policies
  • Early Warning Signals: identifies changes in creditworthiness and manages risk
  • Nowcasting Macroeconomic Indicators: monitors, researches, and analyzes unstructured data in real-time
  • Regulatory Text Analytics: monitors and tags upcoming regulatory topics and texts for the financial services industry to keep track of potential impact

I’m happy to announce our partnership with Accern. Together, we can provide the financial services industry with AI-powered consulting services coupled with an integration platform that accelerates development and scaling of AI across the sector. This will ultimately generate a competitive edge for early adopters of AI and solve critical challenges that they face each day. We’re looking forward to working with Accern to combine their innovative state-of-the-art technology with our deep capital markets domain expertise and bring new ideas into reality. With LPA’s New York office soon to be opening, we look forward to a positive partnership, not only for LPA and Accern but also our mutual clients.”

Daniela Rothley, Consulting partner at LPA

To learn more about Accern and LPA’s joint offering, get in touch  via either of these links: English for clients located outside of the DACH Region / German for clients located within the DACH Region.

About Accern

The Accern NoCodeNLP Platform empowers domain experts and business analysts to extract the most accurate insights from massive streams of unstructured data—news, social media, industry reports and internal documents—within minutes. Accern offers pre-built AI/ML/NLP solutions to minimize time to value and maximize ROI for equity research, credit risk, M&A activity, ESG performance, insurance claims, fraud prevention, sanctions monitoring and more.

Recognized as the first NoCode NLP platform and industry leader with the highest accuracy scores, Accern also enables data scientists to customize end-to-end AI/ML/NLP workflows with BYO datasets, taxonomies, models and pre-integrated dashboards and DSML platforms. In production at companies like Allianz, William Blair and Mizuho Bank, Accern accelerates innovation by enhancing existing models and enriching BI dashboards.

Headquartered in New York City, Accern is backed by Fusion Fund, Mighty Capital, Shasta Ventures and Tribe Capital. Learn more at https://accern.com/.