Refinitiv stands as one of the leading financial markets infrastructure and data providers out there. Recently, the company has announced that it had now established a partnership with MarketsMojo, an algorithm-based financial advisory and fintech platform based in India.
Through this new partnership, MarketsMojo will now be capable of accessing the Knowledge Direct product of Refinitiv.
The Mandatory Kind Words
The official announcement details how the Knowledge Direct API will allow the financial advisors of MarketsMojo to access all the tools and data they need in order to expand their services further. With this new partnership, MarketsMojo will be capable of accessing real-time insights and data from an excess of 8 million financial instruments.
Mohit Batra stands as the CEO and Founder of MarketsMojo, and gave the mandatory public statement about the matter at large. As one would expect, he stated that his company is all too eager to make this new strategic data partnership, noting the immense value that will be added to the firm in the process.
According to Batra’, MarketsMojo’s goal is to create a better tomorrow while being ready for what the future has to offer. Batra highlighted that MarketsMojo’s customers will benefit from this partnership, explaining that they will be given access to the latest tools, data, and insights needed for success within the markets of today.
Furthermore, Batra hinted at some “exciting” plans set for MarketsMojo for the next few years, expressing eagerness to expand this new partnership further in the future.
India Becoming Sees Massive Fintech Growth
India has seen a massive increase in its overall DeFi sector. In fact, the country is boasting a dominant position within the overall Asian markets. Within the quarter ending on the 30th of June, 2020.
India managed to have its fintech sector attract 33 individual deals, collectively leading to a total value of $647 million pushed into the space. At the same time frame, China only managed to attract $285 million.
Times Are Changing For Finance
Gautam Verma stands as LSEG’s Head of Data & Analytics for its South Asia arm. In an official press release, Verma declared that the fintech at large has gone to rely ever-more on trusted data and strategic partnerships to achieve their various goals.
Verma highlighted the ongoing disruptions in the stock markets thanks to higher customer expectations, greater competition, and the ever-improving technologies. As one would imagine, this leads to an ever-expanding level of complexity when it comes to the global advisory markets space.
From there, Verma highlighted Refinitiv’s ongoing search for new ways to improve the experience of its customers, highlighting that MarketsMojo’s new partnership is a perfect opportunity for just that. In Refinitiv’s eyes, MarketsMojo is at the cusp of great growth, and it seems that it plans on being there to capitalize on it.
