BondIT to merge with Talanx-backed Scorable.

BondIT, an independent portfolio construction technology provider for fixed income, to merge with Talanx-backed Scorable, a provider of AI-driven credit analysis. The transaction is expected to close by the end of 2020. Financial terms were not disclosed. “Fixed income investors still rely heavily on manual-driven procedures, but in light of market and cost pressures, intelligent automation is increasingly necessary to stay competitive. Merging our technologies allows us to even better serve the evolving digital needs of our clients by helping them optimise their portfolio and risk management to boost efficiency, performance and scale. This merger further supports BondIT’s goal of creating a one-stop platform for Explainable Portfolio Construction, to allow users to easily understand the rationale behind the investment selection by making idea generation transparent and intuitive,” Etai Ravid, BondIT CEO.