TOKYO – Thomson Reuters has announced the launch of a new investment information service in collaboration with Japanese FinTech firm Finatext. “Social Indicator” is set to launch in June 2017 and will provide investment information by analyzing content on social networking platforms. The service is available to individual investors from financial institutions who have access to Thomson Reuters Knowledge Direct for Wealth Management (TRKDWM), a platform that provides market insight, company and financial market information.
As investors become more data savvy and seek investment data from varying channels, Social Indicator aims to fill this gap. The service analyzes vast amounts of social media content and converts it into numerical data, which is then provided as investment data and ideas for individual investors. The data service encompasses all stocks listed in Japan, in which specific stocks are vectorized into their own “Social Score” which can be further ranked into the “Hot stocks”, “Market specific-trending stocks” and more.
In today’s data-driven financial markets, sentiment analysis of social networking services has become a core function for investment decisions by both individual and institutional investors, particularly among investors who frequently use internet and mobile for trading activities. Thomson Reuters and Finatext are also looking towards expanding coverage of non-Japanese stocks and offering this service to other Asian markets where the need for financial services targeting individual investors is growing.
Social Indicator encapsulates the collaboration between Thomson Reuters robust financial data and global network as well as Finatext’s robust capabilities in FinTech. Thomson Reuters combines industry expertise with innovative technology to deliver critical information to leading decision makers in the financial market. Finatext’s strong development capabilities, such as the visualization of Big Data through the mobile application of stock market forecasts, helps investors make decisions faster, quicker and more accurately.
As FinTech gains more traction in Japan and globally, Thomson Reuters continuously responds to market needs and provides up-to-date solutions that connect and empower global financial markets.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.
Finatext, a Tokyo University bred fintech startup, places strong emphasis on UI/UX in their core-business of providing user-focus mobile financial services that aims to increase financial literacy. Meanwhile, Nowcast Inc., acquired by Finatext in August 2016, is Big-Data research house that provides highly accurate real-time data analytics solutions to established financial institutions, focusing on the utility of premium data such as POS data, satellite imaging data as well as news-text data. Finatext & Nowcast currently operates business activities in Japan, Taiwan, Malaysia, Vietnam and the UK.
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