CHICAGO, March 10, 2022–(BUSINESS WIRE)–Recognizing the importance of providing powerful data and analytics in business banking, BAIan independent, not-for-profit organization that provides the financial services industry’s most actionable insights, and BrightQuery (“BQ”), the leading experts in researching, organizing and analyzing government-filed business and employment data, have announced a strategic alliance.
This collaboration will provide finance managers with the data and analytics they need so they have the clarity and confidence to make smart strategic decisions for their organizations and the businesses they serve.
With their combined expertise and data, BAI and BQ will provide the industry with a unique and proprietary approach to understanding the tremendous changes taking place across industries in today’s rapidly changing environment. Financial services leaders will be able to build a business profile with up-to-date financial and employment information on all public and private companies. This will give financial services organizations the ability to analyze, evaluate and implement strategies for their corporate banking portfolios more effectively and efficiently.
BQ provides quarterly financial data, monthly employment and payroll data, and firmographic data on all active US private and public companies, dating back to January 2010. There are more than 6 million companies with employees and over 25 million sole proprietors, all of whom are tracked by BQ. Information is based on audited filings and reports from the IRS, Department of Labor, SEC, SBA, USPS, and Secretaries of State.
“Leaders in financial services understand that to better serve their customers, they must take full advantage of the data and analysis provided by industry experts,” said Karl Dahlgren, CEO of BAI. “We are excited about the powerful insights that BAI and BQ can provide by combining proprietary insights and data from our unique organizations to better serve the industry.”
Dr Anthony Chan, chief economist at BQ and former chief economist at JP Morgan Chase, said: “Throughout my career I have followed employment and financial market data, and as strategic alliance partners, BQ and BAI will use BQ data to provide our collective financial services clients with a better understanding of local economic conditions within their relevant markets. »
About BAI Research
BAI provides trusted and in-depth proprietary research on consumer deposit performance, small business deposit and loan performance, talent management and other strategic areas for major US banks. BAI’s benchmarking programs provide meaningful comparisons and enable financial services executives to better understand where they stand against other financial services organizations. In addition to benchmarking, BAI conducts a variety of research on industry trends and consumer behavior to help financial services leaders fully grasp current business dynamics and gain insight into the future. For more information, visit https://bai.org/research.
We are the leading experts in researching, organizing and analyzing government records on public and private companies. Our data solutions are foundational and stand out for their reliability, accuracy and data richness. BQ has a unique ability to analyze private companies in the same way other groups analyze public companies. BQ is the only company that can provide comprehensive information that is accurate, audited and verified for global private companies, including people data. For more information, visit www.brightquery.com.
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