Microsoft and Refinitiv form strategic partnership to enhance connectivity in fin sector

Maria Nikolova

Refinitiv is creating new products and go to market services on Microsoft Azure, while expanding its use of Microsoft 365 and Teams.

Refinitiv today announced it has entered into a new strategic partnership with Microsoft that will provide people working in the financial sector with greater connectivity and insight into their markets and customers.

Refinitiv is creating new products and go to market services on Microsoft Azure, while expanding its use of Microsoft 365 and Teams, to help the financial community connect, collaborate and communicate.

The partnership with Microsoft will allow Refinitiv’s customers to capitalise on the growth in the sector.

David Craig, CEO at Refinitiv, said: “Microsoft’s scale and its integrated product suite provides important opportunities for customers to connect and collaborate. We see huge benefits in working with Microsoft and its productivity tools to improve efficiency, collaboration and communication across the financial community, especially as our customers harness automation and reimagine the future of work in a digital, post-COVID environment.”

Refinitiv distributes 55 billion updates on financial markets every day from approximately 150,000 data sources and holds information on 68,000 public companies. It has two petabytes of pricing data stretching back over 20 years, as well as 60 petabytes of data that customers use to inform their decision making. In 2018, Refinitiv launched a product for investment managers called QA Direct in the Cloud, helping customer rapidly surface insight from huge range of Refinitiv’s global market and referential data securely hosted in Azure.

This is in line with Refinitiv’s recent investment in and strategic partnership with ModuleQ, a Microsoft partner that delivers AI-driven news, and market updates to professionals directly within Teams. Refinitiv’s strategic partnership with ModuleQ has proven to be critical during this period of increased virtual collaboration for companies globally, by offering a tool which helps employees focus on the information they need, right when they need it.

The partnership strengthens Microsoft’s commitment to the financial services sector. Its tools and services are helping companies manage risk, drive real-time payments, modernise operations against financial crime, deliver personalised customer experiences, and much more.

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