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 1. blog
 2. ravenpack wins alternative data vendor of the year award


RAVENPACK WINS ALTERNATIVE DATA VENDOR OF THE YEAR AWARD

February 21, 2022

The Risk Awards are the longest-running and most prestigious awards for firms
and individuals involved in risk transfer markets and in risk management.



A few months after launching RavenPack Edge, the company’s next generation,
multilingual data platform, RavenPack has won the prestigious accolade of
Risk.Net’s Alternative Data Vendor of the Year award.

With new datasets that include filings and earnings call transcripts, and
content in 13 languages, Edge tracks mentions of over 12 million entities, from
public and private companies to products and services. The unmatched coverage,
coupled with specific taxonomies on ESG and earnings, sets a new standard for
alternative data that help companies better monitor their supply chain, know
their clients, and manage their risks.

Judges for the award explained that “news sentiment analysis via NLP is a
valuable way of spotting emerging risks” and that RavenPack had “great sentiment
analytics” and “... broad scope and coverage as an NLP sentiment provider, and
multilingual NLP giv[ing] them an edge”.

The use of alternate data to understand how events impact investment decisions
is a leading-edge capability, and other award recipients, like JPMorgan, winner
of the Best Derivatives House Award, pointed at their successful collaboration
with RavenPack as a reason for their success: “[JPMorgan’s] equities business
has also used natural language processing (NLP) – powered by machine learning –
to create a new generation of thematic investing products. In partnership with
data analytics firm RavenPack, JP Morgan’s Quest framework scours news data from
more than 19,000 sources to quantify the thematic exposure of over 40,000
companies”.

Commenting on the award, Armando Gonzalez, Chief Executive and Co-Founder of
RavenPack, explained: “We are honored to receive the Best Alternative Data
Vendor of the Year award. RavenPack leads the way with the most sophisticated
text analytics platform that turns news, transcripts, filings and any text in
different languages into actionable indicators. Coupled with our world-class
research, our offering empowers data-driven decision-makers at the most
successful hedge funds and Fortune 500 companies to capture investment
opportunities, mitigate risk and leverage market intelligence.”


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