The Finovate Debuts series introduces new Finovate alums. Today’s feature is Minetta Brook, which demonstrated Knewsapp at FinovateFall 2014.
Minetta Brook aims for Knewsapp to change the way investors stay informed of news relating to stocks in their portfolio. The web-based news discovery application surfaces topics before they become trending news, giving researchers a tool superior to Google.
- $2.4 million in funding
- 10 employees
- 100+ firms in beta
- 100,000+ news sources searched
Traditionally, when seeking information that may effect a stock in their portfolio, investors search Google, Yahoo or other investment info sources. But typical search engines measure the importance of an article based on popularity.This method elevates content that could be days old, and buries stories investors actually need to read.
For traders, risk management professionals, and research analysts that need real-time news, search engines are not the best tools for content discovery. Knewsapp’s content-based model finds the information investors need to make important trading decisions.
Aside from simply serving up news, Knewsapp also helps investors know what news may effect their investments. It uses a proprietary scoring method to suggest content they should read to be informed, based on their portfolio.
Knewsapp launched on Bloomberg in May. Here’s what the full integration looks like:
Knewsapp continuously scans Twitter and more than 100,000 sources of news and blogs for unusual activity. The result is a list of stocks with the most relevant and fastest developing news, based on their score and velocity.
Ticker and/or topic combination search
With this function, users search a ticker symbol by itself or in combination with key word(s). The result shows headlines of relevant news stories, sources, scores and similar topics.
Additionally, a filter capability enables users to see news in specific markets or sectors.
With hundreds of stocks in a portfolio, it can be difficult to know which terms to search. Knewsapp simplifies this by displaying the score, along with the rate the news is developing, for each stock in a portfolio.
When users filter by the score or velocity, they see which stocks are receiving above average coverage in the news or on Twitter. The right-hand panel displays news stories corresponding to stocks in their portfolio.
The Story DNA section word cloud displays a quick view of topics and themes within a selected news story.
Minetta Brook debuted the public web version of Knewsapp at FinovateFall 2014.