French financial software company Linedata has acquired Pune-based AI company NROAD. Euronext Paris-listed Linedata is a global provider of asset management and credit technology, data, and services.
Aashish Mehta is the founder and CEO of NROAD, which operates from both Pune and Boston, USA. The company specialises in processing unstructured financial data using AI. NROAD’s clients include global banks, rating agencies, and payment processors.
About 80% of enterprise data remains unstructured, which poses significant challenges, especially for regulated industries like financial services. Conventional natural language processing (NLP) solutions often struggle with content diversity, language intricacies, and regional nuances. NROAD takes a deeper approach by capturing intent, domain-specific themes, interrelations, and the broader business landscape within this data. NROAD’s Convus solution utilises AI and machine learning (ML) to decipher unstructured data and documents, transforming raw data into actionable insights and business applications.
Linedata stated that this acquisition merges NROAD’s AI technologies with its extensive financial software and data expertise to accelerate innovation. As financial data volumes continue to grow exponentially, Linedata believes this acquisition will help clients streamline operations, reduce costs, and gain deeper insights. It will enhance Linedata’s ability to assist financial institutions in managing complex, volatile, and unstructured data through AI. Additionally, this acquisition strengthens Linedata’s position in the US market.
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NROAD’s specialised AI agents and domain-specific solutions will integrate with Linedata’s portfolio, enabling the unified company to provide a more robust suite of tools for asset managers, credit institutions, and compliance teams. Linedata noted that they will be well-positioned to meet the increasing demand for scalable AI-driven solutions that accelerate decision-making and improve operational resilience.
Anvaraly Jiva, founder and CEO of Linedata, said that NROAD’s AI-powered financial data processing expertise will allow them to deliver exceptional value to their clients through a combined offering. “Aashish and his team of seasoned executives, including data scientists and AI experts, bring extensive experience in building and marketing successful fintech solutions for enterprises,” Jiva said. Mehta added that Linedata’s global reach and established infrastructure will enable them to expand the availability of their AI solutions, accelerate growth, and fast-track innovation.
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