Analytics & Business Intelligence
McGraw Hill Financial, a company whose name was once tied to information products ranging from financial data to textbooks and consumer ratings, will change its name to S&P Global on Wednesday as it refocuses squarely on data, benchmarks and analytics for the financial industry.
Bank of America Merrill Lynch has added metadata search capabilities to CashPro Trade, its trade and supply chain finance application used by clients in more than 50 countries. The new data capture technology allows for metadata, such as invoice numbers and dollar amounts, to be recognized during a document search.
Barclays plans to launch a big data analytics service for small and medium business customers next month. The service is intended to bring the enterprise-scale market research capabilities of Barclays to businesses that don't have the time or money to invest in tools to analyze their own customer trends or those of their market competitors.
Bank executives have a new vision of the future, and fintech firms are in it, according to a recent study. The 2016 World Retail Banking Report, an annual study from Capgemini and Paris-based banking industry association Efma, found that the attitudes of bank executives toward fintech firms has shifted in the past 12 months.
NTT DATA, Inc. is launching a new blended business and technology consulting practice that leverages its own IT-focused consulting capabilities with the financial services business consulting practice of Carlisle & Gallagher Consulting Group, acquired last year.
Chicago Board Options Exchange's announcement last week that it will publish the CBOE Volatility Index (VIX Index) around the clock further extends the exchange operator's outreach in recent years to markets around the world.
Retail investment advisory firm and independent broker/dealer LPL Financial LLC has selected BlackRock's FutureAdvisor robo-advisory platform to provide digital investing support for its advisors and their clients. The platform will be integrated with some of LPL's own digital services.
FICO is launching a Score Simulator on its myFICO.com site that will allow consumers to test how different actions would affect their credit scores. With the rise of robo-advisors, many financial institutions and fintech companies are introducing more of the self-directed financial management tools that consumers seem to be demanding.
Bank of New York Mellon is partnering with Heckyl Technologies to give asset management clients a tool for performing sentiment analysis of their portfolio holdings. The tool will be available through BNY Mellon's Nexen platform.
Investortools is boosting its Perform fixed income portfolio analysis system with real-time news and research monitoring. The company has partnered with Bitvore, a company that uses artificial intelligence-based tools to proactively monitor thousands of news and information sources.