Refinitiv Collaborates with Indian Fintech Startup MarketsMojo

Refinitiv, a leading provider of financial markets data and infrastructure, announced that the company has partnered with MarketsMojo, India’s algorithm-based 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 and financial advisory platform. The fintech platform can now use Refinitiv’s Knowledge Direct product.

According to the official announcement, Knowledge Direct API will provide MarketMojo’s financial advisers with all the data and tools they need to expand their services. The new partnership will enable the fintech platform to access real-time data and insights of more than 8 million financial instruments.

Commenting on the recent partnership, Mohit Batra, Founder & CEO of MarketsMojo, said: “We are excited to engage Refinitiv as our strategic data partner and know they will add immense value to our business. In line with our mission to create a better tomorrow and be future-ready, our partnership with Refinitiv means our customers will have access to the latest data, tools and insights they need to succeed in today’s markets. We also have some exciting plans aligned for the coming year and look forward to expanding the partnership in the future.”

India’s Rising Fintech Sector

The fintech sector is booming in India. Finance Magnates earlier reported about India’s fintech dominance in Asia. The financial technology sector in the country attracted nearly $647 million investment across 33 deals during the quarter ending 30 June 2020 compared to China’s $285 million. Indian fintech startup BharatPe recently raised nearly $108 million in a Series D funding round. Additionally, Refinitiv highlighted the emerging trends in the country’s growing financial sector in the latest announcement.

“Fintech sector is increasingly relying on strategic partnerships and trusted data to fuel their growth ambitions. With the disruption in stock markets due to technology, increased competition, and higher customer expectations, the complexity of the global market advisory business keeps growing. Refinitiv is always looking to deliver more value to our clients, therefore we’re delighted to partner with MarketsMojo who are at the cusp of immense growth,” Gautam Verma, Head of South Asia, Data & 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 at LSEG said in the official press release.