Real-time news analysis services provider RavenPack, a leading provider of big data analytics to financial institutions, is adding an essential source to its analytics platform by partnering with Alliance News, a real-time newsroom dedicated to the UK market.
Alliance News specializes in breaking news on all UK listed stocks, economic issues, central bank decisions and currencies. Their team focuses on uncovering stories and carrying out thorough fact checks in order to provide their clients with a reliable source of information for making decisions. RavenPack helps clients enhance returns, reduce risk and increase efficiency by systematically incorporating the effects of public information in their models or workflows.
RavenPack has incorporated the full historical news archive from Alliance News and will process all new content published in real-time as part of its big data analytics services. The additional insight provided by Alliance News will help financial professionals generate more alpha, manage headline risk more effectively, and even assist in market surveillance and compliance tasks.
According to Armando Gonzalez, CEO of RavenPack:
In order for UK focused investors to make good investment and trading decisions using big data analytics, the underlying content must be timely, relevant and consistent. By adding Alliance News to our content analysis platform, we help our clients uncover news and check facts affecting the UK in the timeliest manner.
“We have long known RavenPack as an innovator in the field of news analytics, and Alliance News distinguishes itself with its universal coverage of all London Stock Exchange quoted companies,” said Alliance News Chief Executive Tom Waite. “The Brexit vote and its fallout have created a highly news-driven market in London, so the quick Alliance News reporting on corporate actions, broker ratings and public policy is more influential than ever.”