Elsen nPlatform Enables Clients to Quickly Integrate and Access Datasets from Multiple Vendors to Drive Investment Decisions
Elsen Inc., the financial data solution provider for investment firms, today announced that AllianceBernstein has deployed the Elsen nPlatform to provide its research and technology groups with efficient and scalable access to financial data. By using the Elsen nPlatform, AllianceBernstein will be able to integrate new data vendors into their research process in a drastically shortened time frame, increasing productivity of evaluating new datasets and discovering alpha signals.
“The sources and volume of data available are increasing exponentially, and it’s crucial to have the capacity to leverage these resources,” said Nelson Yu, Head of Quantitative Research at AllianceBernstein. “The Elsen nPlatform takes over the manual process of ingesting and preparing new datasets, freeing up our team to focus on revenue-generating work”
The Elsen nPlatform gives asset managers access to clean, organized, ready-to-use financial information – consolidating their external and internal data in one centralized platform. Automated data preparation relieves clients of the burden of ingesting, preparing and mapping data. Elsen’s powerful data infrastructure combined with API and intuitive access tools means data requests are both simple to make and quick to execute.
At AllianceBernstein, fast access to concordant data via the Elsen nPlatform means users can focus on the work that drives results – performing more analysis, testing more strategies, and easily vetting new vendors. And, the Elsen nPlatform’s API functionality enables users to seamlessly feed data into advanced analysis and visualization tools of their choice.
“With over five decades of experience in investment management and research, AllianceBernstein has built a reputation as a leading expert in the industry”, said Chris Harrison, CEO of Elsen. “We are pleased that AllianceBernstein has chosen the Elsen nPlatform as a technology solution to provide excellent outcomes for their quantitative equity team.”
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets.
As of September 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately 35.5% of AllianceBernstein and Equitable Holdings, Inc. (“EQH”), directly and through various subsidiaries, owned an approximate 65.3% economic interest in AllianceBernstein.
Additional information about AB may be found on their website, www.alliancebernstein.com.
Elsen is the platform-as-a-service company for large financial institutions. It allows anyone to effortlessly harness vast quantities of data to make better decisions and quickly solve the most complex problems. The Elsen nPlatform transforms how financial professionals work – including those in investment, research and analytics roles – by offering a way to optimize data vendors, use incompatible data and construct new products that generate alpha.
The company is headquartered in Boston and is backed by a combination of venture capital and hand-picked angel investors from the startup and financial community including Laconia Capital Group, Hyperplane Venture Capital, Accomplice and Launch Capital. For more information, visit www.elsen.co.