Singapore Exchange provides global investors with access to structured data from financial statements and annual reports that are submitted by listed companies. Using Impactsure’s AI/ML-enabled solution, SGX can extract data and provide critical information from unstructured PDFs.
Impactsure Technologies, an AI/ML-powered document analytics company, announced December 19 that Singapore Exchange (SGX Group), Asia’s multi-asset exchange, has selected its SureXtract solution to efficiently and reliably extract unstructured annual reports and financial statement data from PDF files of SGX-listed companies.
Impactsure’s SureXtract solution is powered by the SURE (Secured Unified Responsive Engine) platform, which is a patent pending AI/ML and NLP platform that derives insights from structured and unstructured data in printed documents, contracts, scanned images, handwritten notes, and many other applications.
Ng Kin Yee, Managing Director and Head of Data, Connectivity & Indices, SGX Group, said: “Impactsure’s SureXtract is a capable data extraction platform that supports SGX in extracting financial statement data of SGX-listed companies from unstructured PDFs efficiently and reliably. Impactsure’s team was also impressive in rolling out their solution for us in a very short time.”
Dharmarajan Sankara Subrahmanian, Founder & CEO of Impactsure, said: “SGX selected Impactsure after a thorough RFP process and evaluation. Impactsure leveraged its SureXtract solution to extract 60+ different data points from unstructured Annual Reports and Financial Statement in PDF format. The solution is scalable to support high volumes during earnings seasons, when many companies report their financials in short time window. SureXtract leverages Artificial Intelligence and Machine Learning Technologies.”
Impactsure recently announced that it has raised $1 million as seed capital, which the company will use to fund its growth, including business development, talent acquisition and geographic expansion.
Mumbai-based Impactsure is an AI/ML-powered document analytics company that digitises businesses through its proprietary AI engine SURE (Secure Unified Responsive Engine) and advanced AI, ML and NLP technologies. Impactsure builds products for complex, document- and data-intensive tasks that require significant human effort and are error-prone.
The full press release can be found here.
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