Microsoft has announced a new strategic partnership with financial data firm Refinitiv which specialises in providing data, insights and analysis tools to financial communities.
The outfit is now creating new products and go-to-market services on Microsoft Azure, and expand its use of Microsoft 365 and Teams.
Microsoft says the strategic partnership will help Refinitiv’s customers to capitalise on growth opportunities, as well as strengthen its own commitment to the financial sector.
Cindy Rose president of Microsoft’s Western Europe division said: “Through the powerful combination of our shared skills, experience and technology, we can help organisations unlock valuable insights from their data and spark a new level of productivity, collaboration and communication.”
Refinitiv currently distributes 55 billion updates on financial markets every day, with up to 176 billion market messages per day also sent out during the COVID-19 pandemic. The firm also boasts 150,000 data sources and holds information on 68,000 public companies.
David Craig, Refinitiv CEO said: ” “Microsoft’s scale and its integrated product suite provides important opportunities for customers to connect and collaborate. We see huge benefits in working with Microsoft and its productivity tools to improve efficiency, collaboration and communication across the financial community, especially as our customers harness automation and reimagine the future of work in a digital, post-COVID environment.”
