Accern Announces Strategic Partnership with Brilliance Financial Technology to Enable ESG Analytics for Banks

Brilliance Financial Technology, a global leader in delivering end-to-end digital pricing and intelligence for banks and Accern, a leading no-code, artificial intelligence (AI) company that allows technical and non-technical users to build AI-powered solutions announced a strategic partnership to bring AI/NLP enabled ESG (environmental, social and governance) analytics to DPX – Brilliance’s flagship risk-based pricing and customer profitability system for banks. The companies are actively partnering to develop an innovative ESG sentiment analysis and benchmarking capability for the forthcoming DPXesg service utilising Accern’s market leading no-code data science platform for financial service organizations and Brilliance’s multi-year experience in supplying ESG risk assessment tools for banks.

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“Ever growing pressure from regulators, investor and customers demands that banks incorporate Environmental, Social and Governance (ESG) into their commercial decision making,” said Jean-Edouard van Praet, CEO and President of Brilliance Financial Technology. “As a proven partner for Tier 1 & 2 global banks, Brilliance is very excited to be collaborating with other innovators such as Accern to enhance the capabilities of our state-of-the-art ESG solution, DPXesg. With a number of major partner banks committed to going live in early 2022, DPXesg will allow global financial institutions to solve the complex problem of seamlessly incorporating Environmental, Social and Governance (ESG) data into their commercial decisioning process.”

“Alternative data, specifically unstructured data, is filling in the existing gaps of company ESG reporting as well as counteracting greenwashing by bringing the actions and practices of organizations to light,” said Kumesh Aroomoogan, Co-founder and CEO of Accern. “Our no-code AI platform has helped financial services teams turn this data into something profoundly impactful, furthering truly sustainable investing. We are thrilled to partner with Brilliance to bring a product to market that will empower banks to make ESG assessments confidently.”

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Brilliance’s DPXesg will enable banks to assess and evaluate their clients’ ESG performance, regardless of company size. DPXesg will integrate seamlessly into a bank’s client onboarding, annual review, or deal structuring workflow and use Accern enabled AI/NLP analytics and data to alert users of any material ESG risks.

Accern’s no-code AI platform empowers both technical and non-technical teams to extract themes and sentiment data from unstructured data such as financial filings, news, and transcripts in real-time to capture a more accurate pictures of a company’s ESG impacts and challenges.

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