The latest developments in technology products and investments in North America.
Refinitiv has entered a new strategic agreement with FinTech Studios, an AI-based news, market intelligence and analytics provider, to provide industry, local and regional news, and research to wealth management professionals across Latin America.
FinTech Studios uses artificial intelligence and machine learning to pull out information on markets and companies around the world.
“Our partnership with Refinitiv will provide Refinitiv clients with access to millions of global sources of relevant news, events and market intelligence in 48 languages,” Jim Tousignant, CEO and founder of FinTech Studios, said. (FinTech Studios was founded in 2014.)
Charles Smith, head of digital solutions, in the wealth business at Refinitiv, said: “Latin America continues to be an exciting emerging market for our Refinitiv Wealth Solutions products, and this partnership will strengthen our ability to provide content and services curated for financial professionals throughout the region.”
Refinitiv said Latin America is an important market for its business, citing figures from the International Monetary Fund showing that the region experienced stronger-than-expected performance in 2020 and is projected to exceed 4 per cent GDP growth for 2021.
In March, Refinitiv launched its new digital collaboration capability - Refinitiv Wealth Connect - which is designed to help wealth management firms and advisors cope with the way in which technology is transforming the industry.