Auquan, a leading provider of AI-powered qualitative research for financial services, has been named a winner of the 2024 Digital Innovator Award by Intellyx, a leading analyst firm. The award recognizes Auquan’s success in transforming how financial services works by using AI “agents” to automate complex, multistage knowledge-intensive workflows, such as deal sourcing, due diligence, ESG research, monitoring, and compliance.

“Intellyx engages with dozens of companies every day, and Auquan stands out because they offer a truly differentiated and disruptive product in the financial services space,” said Jason Bloomberg, president of Intellyx.

Professionals in private credit, private equity, and other financial services firms rely on vast amounts of unstructured text — news coverage, articles, social media posts, company reports, broker research, and regulatory documents — to make strategic investment decisions. Sourcing and processing this data into timely insights to support a variety of financial services workflows is extremely time-consuming and costly.

Auquan solves this by leveraging retrieval augmented generation (RAG) agents to generate material insights on any company or issuer, public or private, immediately — and tailored to specific workflows. RAG combines the power of retrieval-based models, which can access real-time and external data to find relevant information with generative models, which can create responses in natural language. Using RAG, Auquan’s insights are accurate, up to date and trustworthy.

Auquan’s AI agent approach reduces wait times for research and insights from days or weeks to minutes, freeing up the professionals to focus on analysis and making more informed decisions ahead of market reaction — a strategic advantage in the fast-paced world of finance. Some of the largest investment banks, asset managers, and private equity funds in the U.S. and Europe have already deployed Auquan.

“Auquan is completely transforming how our financial services customers interact with the world’s information by delivering insights the moment they need them, effortlessly and efficiently,” said Chandini Jain, co-founder and CEO of Auquan. “We’re thrilled to receive this recognition from Intellyx.”