Refinitiv to provide AI-based market intelligence in Latin America
The service provided by Fintech Studios uses artificial intelligence and machine learning to filter what is relevant for investors, thus providing quality insights, news, and research about markets and companies.
Refinitiv has partnered with FinTech Studios to provide industry, local and regional news, and research to wealth management professionals across Latin America, a key focus market for Refinitiv.
Latin America has experienced stronger than expected performance in 2020 and should exceed 4 percent GDP growth for 2021, according to the IMF. Refinitiv wants to ensure investment professionals are equipped with quality news, market intelligence, and analytics provider.
FinTech Studios was founded in 2014 by Jim Tousignant, previously co-founder and President of Multex, a leading online research and financial information platform that went public in 1999, achieved a market cap of $1.5 billion, and was acquired by Reuters – the former parent company of Refinitv.
The firm uses artificial intelligence and machine learning to filter what is relevant for investors, thus providing quality insights, news, and research about markets and companies.
Under the new partnership, users will be able to view trending topics across industries and companies, sort by specific companies and keywords, and explore knowledge graphs to interpret the impact on related companies and individuals.
Charles Smith, Head of Digital Solutions, Wealth at Refinitiv, said: “We are excited to leverage FinTech Studios’ AI-based market intelligence, analytics, and insights to support our growing Latin America business. Latin America continues to be an exciting emerging market for our Refinitiv Wealth Solutions products, and this partnership will strengthen our ability to provide content and services curated for financial professionals throughout the region.”
Jim Tousignant, CEO and Founder of FinTech Studios, commented: “We are very excited to partner with Refinitiv, one of the world’s leading providers of solutions for the Wealth Management industry. Financial advisors and wealth managers today need more advanced AI-based tools and information to provide their clients with the best advice. Our partnership with Refinitiv will provide Refinitiv clients with access to millions of global sources of relevant news, events, and market intelligence in 48 languages.”
Refinitiv is an LSEG (London Stock Exchange Group) business since the completion of a $27 billion acquisition deal from Reuters in early February 2020.
The deal significantly accelerates LSEG’s existing strategy to be a leading global financial markets infrastructure provider and to markedly expand its data and analytics offering to create a global multi-asset class capital markets business.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure. The firm is spread across 190 countries, with 40,000 customers and 400,000 end-users, cashing in $6.25 billion in revenue.
Technology-wise, Refinitiv has recently agreed to distribute NICE Actimize’s market surveillance solutions in the Asia Pacific.
