RavenPack, a data analytics company with a focus on artficial intelligence, today announced the launch of an AI-powered research tool for financial professionals.

Bigdata.com, with a base price of $50 per month per user, has access to two to five years of rolling archives of more than 8,000 curated web sources, including  global business news publications, press releases, financial research, industry publications, trade journals, central banks, RavenPack CEO Armando Gonzalez said.

It also has a full history of news providers including MT Newswires, The Fly on the Wall, FX Street, and Alliance News, according to the firm.

“We built a modern real-time research assistant designed specifically for financial advisors,” Gonzalez said.

A higher tiered version of the product, which costs $100 per month per user, can access newsfeeds, including those behind a paywall, transcripts from earnings calls, all SEC filings, estimates, jobs data, and RavenPack’s Sentiment Index, which analyzes sentiment on millions of private and public companies obtained through thousands of global business news sources.

“For advisors, what you really care about is ensuring that you have access to all of the relevant information about the industry that they care about,” Gonzalez said. “It’s our mission to ensure that we continuously keep adding new and more data sets.” 

Marbella, Spain -based RavenPack, which has been working with AI technology for more than 20 years, has been offering data analytics for hedge funds, asset managers, and banks. It sees an opportunity to provide the same information to financial advisors and business professionals, Gonzalez said.

RavenPack plans to launch an “unprompted AI” tool early next year that can conduct daily research on a specific topic or even produce a daily newsletter on topics selected by users, he said.

“We have a very comprehensive view of the world of business and finance and you have an interface that makes it very easy for a business users to simply chat and ask questions to that massive repository of knowledge,” Gonzalez said.  

Bigdata is available to advisors via their desktop or their cell phones as an app, the company said.