March 02, 2021
Refinitiv Partners with Indian fintech MarketsMojo to empower investors with smart data and analytics
Mumbai - Refinitiv, an LSEG business and one of the world’s largest providers of financial markets data and infrastructure, has partnered with MarketsMojo to provide comprehensive data, tools and analytics to help the Indian Fintech broaden its stock market advisory services and expand its global reach. MarketsMojo is India’s first algorithms-based Fintech research platform that provides premier share market research, advice and portfolio tools derived from its home-grown IP to help investors make the best choices for stock selection and portfolios.
MarketsMojo can now implement a wide range of investment strategies using Refinitiv’s advanced products such as Knowledge Direct, a flexible API that empowers advisers with the data and tools they need to be more productive and attract investors. The API helps to improve investor-adviser engagement and collaboration by displaying market-moving, up-to-the-minute, multi-asset financial data in visually dynamic and intuitive ways. Through its offering Refinitiv provides MarketsMojo, data with greater geographical coverage, real time market insights, and allowing them access to more than 8 million instruments coverage for equity market.
India has emerged as one of the fastest-growing Fintech hubs in recent years with over 2000 Fintech start-ups emerging across the country. These start-ups are mostly in online lending, digital currency, mobile payments as well as niche areas such as robo-advising and regulatory compliance which are shaking up the financial services industry.
“We are excited to engage Refinitiv as our strategic data partner and know they will add immense value to our business. In line with our mission to create a better tomorrow and be future ready, our partnership with Refinitiv means our customers will have access to the latest data, tools and insights they need to succeed in today’s markets. We also have some exciting plans aligned for the coming year and look forward to expanding the partnership in the future,” said Dr, Mohit Batra, Founder & CEO at MarketsMojo.
“Fintechs are increasingly relying on strategic partnerships and trusted data to fuel their growth ambitions. With the disruption in stock markets due to technology, increased competition and higher customer expectations, the complexity of the global market advisory business keeps growing. Refinitiv is always looking to deliver more value to our clients, therefore we’re delighted to partner with MarketsMojo who are at the cusp of immense growth. We look forward to working in tandem with their team to help them prosper in their business goals,” said Gautam Verma, Head of South Asia, Data & Analytics at LSEG.
Find out more information on Refinitiv’s Knowledge Direct
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With $6.25 billion in revenue, more than 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, we connect people with choice and opportunity – driving performance, innovation and growth for our customers and partners.
MarketsMojo, positioned as world’s 1st independent fundamental and technical stock and portfolio research houses now covers 100% of listed stocks across 21 International Markets, including India. Today MarketsMojo covers over 55% of Global Market Cap with its real time stock and portfolio research. The company has 30% market share in providing its solutions to brokers in India over the last 5 years. The retail solution of MarketsMojo today attracts millions of Indian and International investors. For more information visit: www.marketsmojo.com
Corporate Communications, South Asia