Northern Trust has partnered with Accelex, a UK-based fintech, to provide asset owners with new capabilities for handling unstructured data. The improvements complement other AI-powered data extraction capabilities that Northern Trust has developed in house for its alternative asset servicing business and for clients of its Front Office Solutions platform. Leveraging Accelex technology, Northern Trust can now provide asset owners with a broader, more timely range of insights as the solution expands data granularity and automates the extraction process to provide cleaner inputs to the FOS platform.
Accelex provides data acquisition, analytics and reporting solutions for investors and asset servicers. Powered by proprietary AI and ML techniques, Accelex solutions automate processes for the extraction, analysis and sharing of unstructured data.