Data Startup Liquidaty Lands JPMorgan Chase Bank as Customer
NEW YORK, NY / ACCESSWIRE / April 21, 2017 / Liquidaty, a data software startup based in New York City, announced today that its customers now include JPMorgan Chase Bank, N.A.
“We feel extremely privileged and excited to have this opportunity to serve one of the most important financial institutions of our time,” said CEO Matt Wong, a former investment banker and computer programmer.
Liquidaty develops technology that automates rote tasks that can be costly to manage and difficult to scale, with a focus on data-intensive markets such as structured finance. According to Wong, “In many industries today, highly skilled employees still must devote a huge amount of time to perform mundane, but necessary and difficult-to-automate data labor that nonetheless adds virtually no value to the enterprise in the long run. It isn’t uncommon for this low-value work to take up the lion’s share of the job for armies of analysts. By targeting the least glamorous part of the process – the necessary, rote data work that can be costly to manage and dreaded by staff – we aim to flip that ratio and help our customers to allocate significantly more resources toward the activities that give them long-term competitive advantages, while providing the nimbleness to adopt new third-party technologies at the click of a button.”
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