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Predictive, news-driven solution combines business intelligence from Factiva with cutting-edge AI from Oliver Wyman to enhance corporate risk assessment
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Dow Jones today announced it has partnered with Oliver Wyman, a leading global management consulting firm and a business of Marsh McLennan [NYSE: MMC], to launch Factiva Sentiment Signals, an industry-leading corporate risk solution that deploys news-derived data to predict entity risk events up to three months in advance.
Harnessing state-of-the art AI and natural language processing developed by Oliver Wyman, the unique, predictive solution is able to analyze thousands of global news sources in Factiva to identify indicators of emerging risks such as financial distress, operational disruption as well as liquidity and fraud concerns. These signals surface in news media up to three months before major risk events, serving as a transparent and accurate early-warning system for corporate credit risk.
The resulting sentiment signal enables organizations to monitor, anticipate and mitigate against unprecedented credit events before they disrupt business operations and create adverse financial impact.
“Against a backdrop of economic volatility, corporations and financial institutions need to stay ahead of corporate credit risks that may leave their businesses exposed,” said Traci Mabrey, general manager of Factiva at Dow Jones. “Trusted news and journalism can be a valuable indicator of potential business disruptors—but with hundreds of thousands of articles published every day, extracting meaningful insights from news flow poses a challenge. We’re delighted to partner with Oliver Wyman to deliver a leading-edge, AI-powered solution that can predict credit events before traditional methods to enable smarter, faster decision-making.”
“We’ve created Factiva Sentiment Signals, together with Dow Jones, to help clients keep a track of all companies they work with, every day. We’ve taken the latest advances in Natural Language Processing and combined that with Oliver Wyman’s decades of experience in Credit Risk modeling,” said Ian Shipley, partner at Oliver Wyman. “We have found that Factiva Sentiment Signals allows clients to identify all the relevant themes on companies they are interested in and to introduce an objective quantification of news sentiment in early warning credit scores. It can be used by Credit officers, Investment managers, Treasurers and also people who operate in supply chain management.”
Factiva Sentiment Signals is available as an intuitive, easy-to-use application with ranked daily scoring and data visualizations showcasing patterns, trends and market shifts over time. Interactive charts link to the underlying news articles in Factiva’s unrivaled global collection, providing complete transparency and unique explainability into the relevant themes emerging in the news. Signals are captured from thousands of licensed news sources covering over 300,000 private and public companies.