Backstop launches straight-through processing for due diligence data

Chicago-based technology firm Backstop Solutions Group launched IntellX, a platform geared for institutional investors in alternatives to handle due diligence documentation.

The offering relies on artificial intelligence and machine learning in order to automate inbound due diligence data collection, classification and management that in turn allows operations team boost productivity.

An early adopter of Backstop’s IntellX is Eastman Kodak’s Pension Investment Group.

“For every email that comes through with an attachment, be it an investor letter, capital accounts statement or what have you, our team was spending up to five . . .

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