Analytics & Business Intelligence
Content personalization company Selerity has added Twitter data to its content recommendation solution. The Twitter partnership means that Selerity, a key partner with the Symphony communications platform launched last year, can now provide both its own clients and Symphony users with real-time personalized recommendations of Twitter content based on users' interest, such as by company, by financial instrument or by sector.
The CME Group Foundation is giving the Cambridge Centre for Alternative Finance at the University of Cambridge a $1 million donation to support the center's research into the growth of alternative finance channels around the world.
Since its acquisition of Interactive Data Corp two months ago, Intercontinental Exchange has announced partnership with BlackRock related to Treasury bond exchange traded fund (ETF) indices, and a transaction-cost analysis deal with AllianceBernstein. Both deals involve data from ICE's new Interactive Data Corp. acquisition and are examples of how ICE plans to leverage the data company address what it sees as evolving data needs in current markets.
Financial technology "disruptors" have been particularly intelligent about targeting portions of the financial services space that are underserved by banks. One of those areas that is viewed as having fallen through the cracks is a portion of the small-medium business market that is perceived to be too sophisticated for retail banking services, and not large enough to merit a direct one-to-one personal relationship managers.
Many robo-advisors seek to help millennials plan for retirement, but the investment app Stash is setting its sights on young people for whom retirement is still an abstraction. Through social media marketing, and a low $5 investment minimum, the app has attracted 40,000 investors in the first 100 days. It has also attracted $3 million in seed funding.
TD Ameritrade has agreed to acquire the research, benchmarking and consulting capabilities of FA Insight, to give registered investment advisors (RIA) better and more customized access to business data.
While its large asset manager clients may not have yet entered the robo-advisory space, Northern Trust's global fund services business is already preparing for the increased transparency demands that the robo-advisory trend signals.
A Morgan Stanley group that invests in financial technology on behalf of the bank's equities division, has reportedly shrunk significantly in recent months.
Europe's largest lender HSBC is reportedly planning to freeze hiring and salaries across the bank globally in 2016. The move would continue the major cost-cutting effort announced in June of last year.
Robo-advisory firm Betterment has taken its automated investment model to the business market with the launch of a new automated 401k platform, called Betterment for Business.