The Truth About AI and Financial Data Accuracy - Episode 213 w/ Andrew Lebbos
About this episode
The episode explores the production, validation, and delivery of financial data in brokerage apps, featuring insights from Andrew Lebbos of Benzinga.
What actually goes into the financial data powering your brokerage app? In this episode, Alex Perny sits down with Andrew Lebbos, Director of Licensing at Benzinga, to pull back the curtain on how financial data is produced, validated, and delivered at scale. Key Points: - Benzinga provides earnings, dividends, analyst ratings, and news to Robinhood, Fidelity, Schwab, and more - Data validation combines AI-enabled QA systems with human oversight to catch outliers - Proprietary first-party data is increasingly valuable as LLMs demand accurate inputs - Benzinga powers Perplexity Finance and works with major hedge funds and brokerages - Companies issue intra-quarter guidance to manage large expectation gaps - Conference call transcripts and guidance calendars add context beyond raw earnings - Private market data coverage is actively being built out by Benzinga - Blockchain-based secondary markets and tokenized assets are opening private markets to retail investors - Illiquidity in private markets can act as a behavioral safeguard against panic selling Chapters: 0:00 Introduction and guest background 2:15 How financial data is packaged and produced 5:41 Data validation and QA systems…
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