Rage Frameworks Leverages Big Data Analytics to Help Wealth Managers Better their Ability to Service
FREMONT, CA: Lack of proper data standards across the entire wealth management process leads to issues in data quality, revenue, customer experience, cost or compliance. In order to address such scenarios, Rage Frameworks, a provider of Cognitive Intelligence and Business Process Automation technology, releases its LiveWealth Intelligent Agent platform. The new offering empowers wealth management firms and financial advisors to drive the client experience to new levels of engagement with Big Data Analytics and semantic intelligence.
Being a full featured end-to-end Wealth Management service, LiveWealth enables data aggregation and provisioning of Big Data analytics for proper management of wealth across the enterprise. Based on business process automation and cognitive intelligence technology, the platform can rapidly extract, aggregate and normalize data from U.S. custodians and international custodians, banks and other relevant sources on a near real-time basis to deliver detailed wealth management performance analytics to wealth managers for making quick and more informed decisions.
Leveraging Rage’s aggregation engine, LiveWealth platform can extract and interpret data from any paper or electronic statement using the company’s patented semantic intelligence technology. Semantic Intelligence refers to the gathering of necessary information that helps in identifying, detecting and solving semantic gaps on all levels of the organization. Enabling the aggregation of assets, customizable analysis and reporting of performance data across a large range of client preferences, the patented technology helps in managing massive quantities of structured and unstructured data.
"LiveWealth represents a pioneering innovation Rage has developed to enable wealth managers to more effectively meet their clients' needs. LiveWealth delivers the cognitive intelligence and automation capabilities wealth managers require, enhancing their ability to service their institutional and high net worth individual clients," says Dr. Venkat Srinivasan, CEO, Rage Frameworks.