SGX onboards Impactsure’s SureXtract 19 December 2022Singapore Reporter: Lucy Carter
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Singapore Exchange Group (SGX) has adopted Impactsure Technologies’ SaaS document analytics programme SureXtract.
The solution extracts structured corporate financial data from the SGX’s data repository, giving investors access to key information from listed companies’ financial statements and annual reports.
SureXtract uses the Secured Unified Responsive Engine (SURE) platform, an artificial intelligence/machine learning and natural language processing solution. SURE extracts information from unstructured documents and data, including contracts, scanned images and handwritten notes.
Dharmarajan Sankara Subrahmanian, founder, director and CEO of Impactsure, says: “SGX selected Impactsure after a thorough request-for-proposal process and evaluation. The solution is scalable to support high volumes during earnings seasons, when many companies report their financials in a short time window.”
Ng Kin Yee, managing director and head of data for connectivity and indices at SGX Group, comments: “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 [rolled] out their solution for us in a very short time.”
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