QPLIX, a wealth management platform based in Europe, and Canoe Intelligence have partnered to leverage machine learning and AI for improving workflows associated with private equity funds.
Canoe, the platform for smarter alts management, is a US-based company that offers alternative investors modern, AI-powered document collection and data extraction tools.
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Through this agreement, alternative investors may direct and map data to the QPLIX wealth management platform directly from their Canoe private equity fund documentation.
Canoe helps people working with alternative investments by streamlining and automating their document gathering and data management procedures.
This allows clients to become more efficient and free up time to concentrate on the most strategic aspects of their work.
The goal of QPLIX and Canoe’s purpose-driven collaboration is to employ artificial intelligence and machine learning capabilities to enhance procedures associated with private equity funds.
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By GlobalDataCanoe draws upon shared intelligence from its diversified clientele of over 300 alternative investors to provide coverage over 37,000 funds.
Using this shared network, clients can securely harvest data based on other learning within the system, and then create custom patterns to suit their specific requirements. The extracted data is safely transmitted in the form of transactions with connections to the source documents with the client’s QPLIX system via the Canoe platform.
Moreover, professional investors who oversee complicated portfolios, including alternative assets and private equity, are able to use Canoe’s value due to the new connection with QPLIX.
The ability of mutual clients to handle their private equity assets is significantly enhanced when the Canoe and QPLIX platforms function in tandem as a comprehensive solution.
Philipp Besser, head of business development at QPLIX stated: “Private equity assets are key investment instruments for a variety of investors ranging from accredited individuals to insurance companies and institutional investors like pension funds. With their above-average profitability, these asset classes are a part of virtually all QPLIX client portfolios. That’s why we are happy to partner with Canoe, who enables us to add value to our offering by automating the ingestion of our clients’ PE-related data thereby streamlining their operational workflows.”
Oliver Wedlake, senior director of EMEA Wealth Management at Canoe Intelligence added: “Private equity investments, while increasingly popular, often involve cumbersome manual processes for managing documents and data. Canoe streamlines these tasks, providing accurate, high-quality data, enabling our partners to then confidently pass that trusted information on to their customers. Our partnership with QPLIX extends this solution to a broader audience, offering leading technologies and services for optimal performance in managing private equity investments.”
