BCA Research Partners With Policy Startup


BCA Research, a leading macroeconomic research provider, has partnered with FiscalNote, a startup which mines US government data, to integrate policy information into BCA’s digital platform BCA Edge.

The initial application will create indicators to predict the market impact of policy changes for specific equity sectors. Investors will be able create charts to identify correlations and market trends. BCA’s reports will include co-curated research to provide a detailed narrative to support investment cases and better understand the impact of a specific policy on a sector or on a company.

FiscalNote is a big data company which uses thousands of Python scrapers to harvest data from government websites and applies machine learning techniques to predict if a proposed bill will affect an industry. Founded in 2013, DC-based company recently completed a $10 million Series C funding round which it intends to use to expand Asia and European operations.

Founder Tim Hwang used his data talents at the age of 16 to help President Obama win the Iowa caucuses and started FiscalNote at the age of 20.

Our Take

The FiscalNote deal is BCA’s second big data partnership after parent Euromoney acquired a 10% stake in crowdsourced data provider Estimize.  BCA, which is one of the largest independent economic research providers, is seeking to broaden its research product into industry and company-level analysis.


About Author

Sandy Bragg is a principal at Integrity Research Associates. He has over thirty years experience as an investment research professional. Prior to joining Integrity in 2006, he was an Executive Managing Director at Standard & Poors, managing S&P’s equity research business and fund information properties. Sandy has an MBA from New York University and BA from Williams College. Email: Sanford.Bragg@integrity-research.com

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