Private share trading platform JP Jenkins will deploy AI technology to handle its ESG reporting through a deal with London-listed Insig AI.
Insig AI’s software will be used to quantify and analyse datasets, such as company disclosures, to generate peer group comparisons in an instant and traceable manner.
Through the deployment of Insig AI, JP Jenkins can rank and compare its sustainable reporting with similar companies, in what Insig describes as a “classic use case for AI technology”.
This marks the first integration of AI as part of the company’s plans to use the rapidly growing technology in its growth plans.
“There’s a lot of hype surrounding AI but we have absolutely recognised the benefits that solutions like Insig AI’s TDI can deliver in scrutinising corporate behaviour,” said JP Jenkins commercial director Veronika Oswald.
“With a significant volume of data to work through, AI can help form a consensus opinion with just a fraction of the resource it would take a traditional analyst team to achieve the same outcome.”
Insig AI, which specialises in the aggregation and analysis of ESG information was founded in 2017 and listed on AIM in 2021.
“The team at JP Jenkins presented us with a classic use case for AI technology. It needed the ability to rank and review the clarity and relevance of a company’s sustainable reporting in relation to its peers,” said Insig AI CEO Richard Bernstein.
“This technology allows it to identify sectoral trends and match these with data visualisations, delivering comprehensive reports quickly and efficiently. We are delighted to be partnering with JP Jenkins.”
JP Jenkins, founded in 1991, is the largest trading platform for unlisted companies in the UK.
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