Financial market data and news provider Thomson Reuters today announced a synergy with Japan-based Finatext Ltd, a technology developer for mobile trading platforms and solutions, that aims to harness new FinTech approaches to help new market entrants.
Finance Magnates recently interviewed Finatext’s CEO Ryota Hayashi in an exclusive story a few weeks before today’s announcement from Thomson Reuters, highlighting the progress that the firm has already seen in Japan since launching its mobile-based applications.
FinTech Steps in Japan
Mr. Hayashi commented during the interview: “We aim to be a global platform for mobile investment,” and that appears to be a vision that is starting to materialize. The synergy with Finatext marks the first for Thomson Reuters in Japan in the scope of a FinTech venture within the Japanese market, after the local regulators said they were considering changes to better accommodate such innovation.
The official press release from the Thomson Reuters Tokyo office explained that Finatext will use data from Reuters to create a “market trends analysis” solution that will provide a diverse range of benefits such as data analysis of currencies, stock prices estimates, and market trends.
Finatext had landed a few large clients including some of Japan’s largest banks and brokerages, thus enabling the distribution of its customized app, for traders to learn about trading in a more fun and educational way, from within the app’s intuitive design, as detailed in the previous interview.
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Considering the company’s ability, and newly announced synergy from Thomson Reuters, it will be interesting to see how the new “market trends analysis” solution will look, and the future prospects created from this collaboration.