In an attempt to help financial organisations track financial events, AWS has announced the launch of Amazon Comprehend Events — a new API for event extraction from natural language text documents.

According to the official blog post of the release, financial organisations need to analyse several documents, news articles, press releases, as well as track financial events such as bankruptcy announcements, new appointments and M&A announcements, which requires to extract accurate data points. This allows them to update their investment models in a timely manner. Traditional natural language processing services can he relationship between these entities they required an advanced tool. Thus, Amazon Comprehend releases this new API for extracting events from natural language text documents.

With this launch, the companies can now use the API — Comprehend Events — to pull out necessary details about financial events and associated entities in various texts. This new API will allow individuals to answer the who-what-when-where questions in document sets without prior NLP experience.

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