SGX Collaborates with India's Impactsure for Data Extraction and Analysis

Singapore Exchange (SGX Group), Asia's most international, multi-asset exchange, has selected India's AI/ML-enabled document analytics company Impactsure Technologies' SaaS platform to extract structured corporate financial data from its data repository. Impactsure has deployed its SureXtract solution at SGX, which is powered by the SURE Platform (Secured Unified Responsive Engine).

"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," said Mr. Ng Kin Yee, Managing Director and Head of Data, Connectivity & Indices, SGX Group.

Mr. Dharmarajan Sankara Subrahmanian, Founder Director & CEO, 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's trade finance solutions enable banks, financial institutions, and corporations with advanced intelligent data analytics and document processing, using artificial intelligence (AI) and machine learning (ML), for critical processing and compliance-related requirements that improve business outcomes and customer experience, increase operational efficiency and reduce compliance risks.

Impactsure has entered into several strategic alliances and partnerships with established players Google, Deloitte, Microsoft and Amazon and others, to expand its reach and impact.