CHICAGO--(BUSINESS WIRE)--Neurensic, a regtech artificial intelligence (AI) startup headquartered in Chicago, today announced a strategic partnership with Jordan & Jordan, LLC, a fintech company that provides regulatory, market data and trading solutions across the securities industry.
The new partnership enables Neurensic to grow its presence into the New York market accommodating the company’s expected expansion into equities and cross-market surveillance in the upcoming months. Jordan & Jordan will leverage Neurensic’s AI technology to deliver next-generation solutions to their existing clients as well as open the door to new prospects in need of modern compliance technology.
Neurensic’s AI platform provides relief to compliance teams as automated trading volumes have surged, and the data associated with automated strategies has overwhelmed compliance departments and legacy systems. Machine learning enables compliance officers to prioritize workflows, and cut down on false positives which are cumbersome and expensive to manually vet and examine. The goal of this process is to reduce the regulatory risk to the firm.
Jordan & Jordan maintains a traditional, rules-based surveillance platform for their clients which is supplemented by their compliance consulting services. They have assisted clients with surveillance assessments as well as controls testing and trade reporting reviews in the past year.
“Jordan & Jordan are leaders in their field with an outstanding reputation,” said David Widerhorn, CEO of Neurensic. “They bring an extremely high level of domain expertise and the track record of helping their clients navigate increasingly automated and complex markets. With our AI in their tool kits, we will continue to arm compliance teams and regulators with the technology tantamount to what the most advanced trading firms utilize every day.”
“We are always interested in the adding to the capabilities and offerings for our clients,” said Thomas Jordan, President of Jordan & Jordan. “This provides us the opportunity to expand our traditional platform to address the growing technology challenges facing compliance departments. Neurensic is at the forefront of the surveillance landscape with regard to artificial intelligence and machine learning.”
The relationship with Jordan & Jordan further validates the necessity of machine learning technologies in the compliance space. The partnership between the two firms emerged from Jordan & Jordan’s years of domain expertise and Neurensic’s application of innovative, Silicon Valley artificial intelligence technology.
About Neurensic:
Founded in 2015, Neurensic’s mission is to strengthen and protect the financial services industry by using artificial intelligence to reveal insights from data, empowering organizations to evolve into the future. Its vision is to be the migration path for the industry to transition beyond legacy IT into the modern world of complex information systems. Neurensic’s team consists of regulatory experts, data scientists, high-frequency traders and technologists with deep financial markets domain expertise.
Follow @neurensic on Twitter.
About Jordan & Jordan:
Jordan & Jordan is a financial technology company with domain expertise in information, processes and technologies applied to the securities industry. Our clients include investment banks, asset managers, hedge funds, information vendors, and global stock and derivatives exchanges.
