IHS Markit Teams Launches Fintech Data Accord with Illuminate Financial

IHS Markit (NASDAQ:INFO), a provider of information, Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, and financial markets data, has teamed up with global venture capital firm Illuminate Financial, helping provide early stage companies and Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firms with more competitive costing data, per a group statement.

The accord focuses on the capital markets sector, whose data partnership extends to emerging companies that are seeking to make themselves more competitive across the broader marketplace. More specifically, the utilization of low cost proprietary capital markets data will be supplied by IHS Markit, helping shore up access for fintech companies.

The development is an important opportunity for groups that can benefit from an acceleration of their product development cycle, helping stimulate innovation across the capital markets space. Per the deal, Illuminate Financial will also be utilizing its infrastructure and capabilities to select the strongest applicants based on the maturation of their respective company management, development teams, business plans, funding and data requirements.

The most highly qualified companies selected in this way will be granted licenses to receive select fixed income and equity market datasets from IHS Markit. The datasets themselves include a wide selection of relevant utilities, ranging from pricing and reference data for bonds, commodities, OTC derivatives, to indices and analytics.

According to Sally Moore, Managing Director and Head of Strategic Alliances at IHS Markit, in a statement on the partnership: “High quality market data are the building blocks of financial services technology, but access can be costly for early stage companies.”

“We know from experience working with and investing in fintech startups that access to market data is make or break for an effective product research and development. Our mission is to help promising companies bring new technologies and new thinking to the financial sector and we are excited to work with IHS Markit to promote innovation in the capital markets industry,” explained Mark Whitcroft, founding partner of Illuminate Financial.

Earlier this week, IHS Markit reported its Q1 2017 financials, highlighting a period of strong growth relative to the year prior, with virtually all metrics pointing higher.