nurv
Accelerate Your Capital Markets AI Journey
Artificial intelligence (AI) and machine learning (ML) have the potential to empower financial services companies to move faster, mitigate risk, drive efficiencies and support better decision making in capital markets. Some firms have already begun their journey and are starting to experiment and test new use cases to incorporate ML techniques.
Although AI and ML has the potential to offer significant enhancement over more conventional quantitative approaches through its ability to interpolate large data sets and unique ability to improve accuracy as well as efficiency over time, there is no tried and tested blueprint for firms to accelerate their AI and ML journey. Maximizing the opportunity of AI and ML requires a strategic understanding of both machine learning theory and applications as well as an in-depth understanding of capital markets.
Numerix nurv is an AI-powered cloud-based, end-to-end platform optimized to help capital markets users capture optimal value from data. Unlike more generic ML software, Numerix nurv is developed specifically to address challenges unique to capital markets. It is optimized to integrate market data with disparate sources such as news, commentary, tweets, and other forms of rich media quickly, to assure the data, extract and analyze relevant information, and automatically make relevant predictions.
Unleash the Power of AI
Acquiring the right capabilities and talent to build, maintain, and apply the latest AI and ML technology is not a trivial task. This is even more difficult when teams are tasked with building mission-critical and production-ready solutions from scratch. nurv allows users to unleash the power of AI and ML and quickly deploy AI applications with no hardware, datasets, or infrastructure upgrade requirements.
Why nurv?
Model-free: Models “real world” as it is and not how it’s supposed to be.
Robust: Supports missing & invalid data
Time-independent: Predicts & postdicts
Reliable: Incorporates terms of reference (TOR) for quality control
Out of the Box Technologies
That Support AI
Significantly reduce time-to-market
Quickly test, prototype, develop and deploy enterprise-grade fintech apps without building from scratch
Easy to use, fast processing engine
Speed through tedious data processing process and deliver results
Single platform all your AI needs
Single repertoire of all relevant data and platform to facilitate collaboration between teams
Platform at a Glance
Sample Use Cases
Machine Learning for Capital Markets Data and Process Assurance
Characterize capital markets data quickly and recover all missing tenor points with agile review.
Missing and incomplete data are a common problem in capital markets dataset. This is especially relevant for complex pricing and market data such as derivatives data and volatility surfaces. The integrity of the data has the potential to skew results – resulting in dire consequences. The goal of this solution is to demonstrate how nurv can be used to support the often-tedious task of data assurance.
Highlights
- Characterize market data as received
- Renders locations of missing & imputed values with relevance
- Interactive browser for analyzing nurv output
- Allows user to review, edit, & export data
In the last couple of years, regulatory changes seem to be a reoccurring theme in the financial services industry. Navigating these critical regulatory challenges is no easy feat. The goal of this solution is to use AI to help users dramatically accelerate their ability to streamline legal and operational complexity due to regulatory changes while minimizing legal costs and operational risks.
Highlight
- Legal documents are converted to a machine readable format, to create a database of Optical Character Recognition documents
- Utilize Nurv’s Natural Language Processing capabilities to review LIBOR contract language
- Extract critical contract terms to update downstream operations, finance, trading and risk systems
- Existing LIBOR contract language is updated into updated ARR replacement language to support bilateral renegotiations
- Minimize legal and operational costs as well as the P&L and risk impacts of the LIBOR transition
Sample Use Cases
AI Driven LIBOR Transition Solution
Using Natural Language Processing to operationalize the updated renegotiated terms and legacy contract terms and managing the risks of the LIBOR transition.
