FinTech Sandbox, a nonprofit provider of free and low cost financial data and technology services for fintech startups, has enlisted Morningstar, Inc., which joins FinTech Sandbox as its latest data provider.
FinTech Sandbox has carved out a role in the industry as a facilitator of financial data and infrastructure for up-and-coming FinTech startups worldwide.
Morningstar, Inc. is a provider of independent investment research globally, with clients in North America, Europe, Australia, and Asia. The company’s offering caters to individual investors, financial advisors, asset managers, and retirement plan providers across such asset classes as equities, indexes, futures, options, commodities, precious metals, and foreign exchange (FX).
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According to Joanna McGinley, Head of Redistributor Solutions for Morningstar, in a recent statement on its interaction with Fintech Sandbox: “Morningstar’s mission is to help investors reach their financial goals, and we want to work with companies that share this mission. We are excited to contribute our data to FinTech Sandbox and the startups it supports.”
“Morningstar revolutionized mutual fund analysis, so they understand innovation in financial services. The company’s strong belief in supporting entrepreneurs in the global FinTech community makes Morningstar an excellent collaborator for our startups,” she added.
Last month, FinTech Sandbox announced that Estimize had become the program’s latest data partner. FinTech Sandbox already has existing partnerships with firms such as Thomson Reuters, Fidelity Investments, and Amazon Web Services.