Making the most of data
It's just over a year old but has been dubbed a "fintech firm with a 160-year history". Refinitiv's Asia-Pac managing director Alfred Lee sheds light on the business of using data and technology to derive risk intelligence.
IN the past, the use of data was often viewed as a "nice-to-have" rather than a "must-have" in corporate decision-making.
But with advances in technology and a wealth of facts, figures and other information now available, Big Data analytics has emerged with a key role in creating valuable insights and helping firms make informed decisions. This has piqued interest among global players to acquire firms specialising in those fields, as evidenced by a couple of recent acquisition deals involving financial data and analytics behemoth Refinitiv.
In August 2019, London Stock Exchange Group (LSE) revealed its intention to acquire Refinitiv - which has more than 40,000 clients including investment firms, corporations and governments in 190 countries - for US$27 billion to create a global trading juggernaut and data provider.
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