Revolut's Real-Time High Impact News Delivery with AYLIEN News API
Technology Category
- Analytics & Modeling - Natural Language Processing (NLP)
- Analytics & Modeling - Real Time Analytics
Applicable Functions
- Quality Assurance
Use Cases
- Real-Time Location System (RTLS)
- Track & Trace of Assets
Services
- System Integration
- Testing & Certification
About The Customer
Revolut is a fintech company that has grown significantly in just 5 years, from an interesting startup to a 'one app for all things money' used by millions, with a valuation of billions. Part of their success lies in their app’s industry-leading user experience, enabling customers to manage their finances in just a few clicks without any friction. This includes their Wealth products, which let customers easily invest in stocks, crypto, and commodities from within the app. Revolut aims to provide the best possible investment experience by empowering their customers to make informed investment decisions.
The Challenge
Revolut, a fintech company, identified a need to enhance their customers' investment experience by providing them with real-time access to news stories and events that could impact their investment portfolios. The challenge was that news is crucial to trading as it provides signals that influence investment decisions. However, news moves quickly and investors who find out important news first have a considerable advantage over those slower to the source. The scale of global daily news makes it extremely difficult to identify high-impact news amongst the overwhelming noise. Revolut wanted to find a way to deliver relevant high impact news to their customers about any specific trading company through the app in real time, based on their customers’ portfolio preferences. This would not only provide a great user experience for investors, but also keep them engaged within the app, increasing the chances of them trading through Revolut.
The Solution
Revolut chose Quantexa’s News API to deliver access to high-impact news to where customers need it in real time. Quantexa News API achieves this by aggregating over a million news articles from more than 80,000 sources every day. Each article passes through Natural Language Processing (NLP) models, providing the structured data that organizations need to quickly access and easily find relevant news, which they can deliver to wherever it will have the most impact for their customers. Revolut developed a standalone News section for their app, where the News API delivers the latest high-impact articles to the relevant sections, such as Top Stories, Stock, Crypto, or Commodities. News events and stories are also delivered to individual stock pages, providing specific news for that particular company and its related market.
Operational Impact
Quantitative Benefit
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