Analytics & Business Intelligence
JPMorgan has reportedly launched a new platform to provide buy-side customers with more real-time analytics related to their trades.
ING Direct Australia and Standard Life have both tapped IBM to provide personalized banking services to customers. IBM is leveraging its Watson analytic capabilities to help financial institutions analyze customer interactions across online and digital channels in order to present targeted services to customers.
Former Citigroup CEO Vikram Pandit is partnering with investment company Atairos Group to launch The Orogen Group, a company that will make strategic investments in financial services companies and related businesses.
Through a strategic partnership announced Monday, robo-advisory firm SigFig will build a customized digital platform to be used by UBS Wealth Management Americas' 7,000 advisors. The platform is expected to help advisors provide advice to clients on assets held at UBS as well as at other institutions, and to enhance clients' digital experiences.
Leucadia National Corp. has agreed to acquire ITG Investment Research for $12 million. Leucadia, the parent company of investment bank Jefferies Group, plans to change the name ITG Investment Research to M Science following the acquisition.
With its newly launched BlackRock Retirement Institute (BRI), BlackRock is creating a global platform to provide research and resources related to what it views as retirement's "ongoing transformation." Geared toward the professional community, ranging from advisors and plan sponsors to regulators, BRI aims to launch an ambitious new agenda of original research, while also assembling third-party research, analytics and tools for servicing retirement planning.
OTC Markets Group, operator of three organized over-the-counter marketplaces, has partnered with independent investment research firm Morningstar to provide equity ratings and research for companies listed on its markets. The partnership will increase the research and analytic information available for companies listed on two of the OTC Markets Group markets.
Deutsche Bank is soliciting ideas on how artificial intelligence can improve banking customer service through a "crowdstorming" contest. The contest, being run by crowdstorming platform company jovoto, is the second in a series of such contests Deutsche Bank is running to scout for banking technology innovation.
Prosper Marketplace Inc., one of the largest consumer marketplace lending platforms, is cutting approximately 28 percent of its workforce. CEO Aaron Vermut will forgo his salary this year as part of the cost reduction effort.
The partnerships with iCapital, CAIS and Goldman Sachs Asset Management (GSAM) will give advisor and family office professionals access to new investment products, research, analytics and digital reporting tools.