NSE said in a statement that NSE Data and Analytics Limited, a 100% subsidiary of the National Stock Exchange of India (NSE), has made an unspecified investment in Capital Quant Solutions Limited (CQS).
“Investment in CQS is a part of NSE’s program to invest in the areas of analytics, digital, robotics, security, artificial intelligence, machine learning and block chains, where start-ups are encouraged to expand and realize early stage financing and Incubation is required. Full capacity, ”said Vikram Limaye, MD and CEO, NSE.
“Through partnerships with select start-ups that have demonstrated technical competence, the NSE Group aims to further strengthen its technology leadership. Innovative solutions and breakthrough technologies exist in these areas, which could potentially change the future of capital markets in India and the world. “
CQS, an India-based technology start-up provides software products using machine learning (ML) and natural language proficiency (NLP) that extract and analyze structured information and build machine learning models to extract data from complex unstructured financial documents. helps to.
“Investment from NSE is a major historical event in the journey of CQS. Praveen Lal, Founder, CQS said that we see a lot of synergy between what we are offering through our product Finstinct and the business of NSE data.
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