(Bloomberg) A Japanese startup is entering the equity-research business in a bid to challenge the dominance of securities firms by using computers to crunch vast troves of information and predict companies’ earnings. Nowcast Inc., a financial-technology venture formed last year out of the University of Tokyo, will begin providing automated earnings estimates of consumer goods makers as soon as October by analyzing millions of transactions at retail stores, Chief Executive Officer Ryota Hayashi said.
Fintech Venture Targets Hedge Funds With Big-Data Research
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