- Helping clients make faster, better-informed decisions with unified and high-quality data
LSEG and Bank of America today announced a multi year strategic partnership that will make LSEG’s data, analytics and workflow capabilities available across Bank of America’s platforms.
The collaboration enhances Bank of America’s client proposition by making it easier and faster for clients to access trusted data, analyse markets more quickly, and uncover insights that support more confident decision making. The partnership will empower clients to uncover deeper insights and act on trusted, actionable intelligence. Under the agreement, LSEG’s data and analytics solutions will be integrated across key areas of Bank of America’s business.
By providing governed access to high quality, rights cleared content, the partnership enables Bank of America to deliver tools that help clients analyse complex market conditions, interpret trends and make well informed decisions with confidence. LSEG will also supply AI ready content to accelerate analysis and enhance insight generation across client workflows.
The partnership provides Bank of America with access to LSEG’s integrated workflow solutions, led by LSEG Workspace and complemented by APIs and enterprise platforms. At the same time, integrating LSEG’s World Check risk intelligence data will reinforce the consistency and reliability of Bank of America’s compliance, screening and monitoring processes across markets and jurisdictions.
Fernando Vicario, CEO of Merrill Lynch International and UK Country Executive at Bank of America, said:
“Trusted, high quality data is essential to how we support clients and manage risk. Partnering with LSEG provides a unified, governed source of intelligence that strengthens our solutions, empowers client decision making and enhances how we innovate and execute. Integrating LSEG’s capabilities across our workflows will enable faster insight generation and a more seamless experience for our clients.”
Gianluca Biagini, Group Co-Head, Data & Analytics, LSEG, said:
“By powering Bank of America’s ecosystem with our analytics and workflows, including LSEG Workspace, we are supporting the bank’s transformation ambitions while strengthening governance and risk management. This will equip Bank of America with the trusted data needed to deliver deeper insights, streamline decision making and drive new value across client workflows.”
The new capabilities enabled by this partnership will bring significant value across Bank of America’s business propositions from advisory and investment workflows to trading, risk oversight and regulatory processes. By drawing on a unified framework of governed, high quality data, Bank of America will be delivering consistent and insight rich solutions for clients across a wide range of use cases.
Contacts
LSEG Press Office
Lucie Holloway / Tarek Fleihan – External Communications
+44 (0)20 7797 1222
newsroom@lseg.com
Investors:
Peregrine Riviere / Chris Turner – Investor Relations
ir@lseg.com
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users.
Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services.
The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.
