Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, and Limeglass, the financial research innovation company, have formed an alliance to enable banks to unlock the value buried deep within the research reports associated with the transactions their clients are involved in.
Both Mosaic and Limeglass are backed by J.P. Morgan. The bank invested in each company following their graduation from its In-Residence programme for fintechs and has subsequently deployed their platforms.
Mosaic’s platform is the first real-time guided analytics tool for capital markets performance. The integration of Limeglass’s technology will enable Mosaic users to benefit from the goldmine of research to which they have access, but which – until now – they were unable to fully leverage because of the time required to sift through it all.
For banks’ sales and trading teams, Mosaic acts as a GPS to navigate the fixed income, currencies and commodities (FICC) markets by aggregating all transaction data from across the organisation as well as external sources, normalising it and applying advanced AI and machine learning tools to extract actionable insight from it. Through its alliance with Limeglass, it now applies this same approach to research.
The volume of financial research, and the lack of innovation in how it is delivered, means that market participants can spend many hours searching through emails to find information on the trades they are considering. Even worse, clients may never discover key research pieces that could be critical to their investment decisions. Against this backdrop, recent research from Celent found cloud-based data analytics technology will be the top investment priority for CIOs between now and 2025.
By digitising and atomising research information, Limeglass enables traders and salespeople to quickly read all the relevant paragraphs within their research library without having to sift through entire documents one-by-one, saving a considerable amount of time and effort. Mosaic users can simply search for a keyword – for example a specific asset such as ‘gilts’ or ‘bunds’ – and with a single click they will see only the most relevant research paragraphs related to their search.
The net result for the bank is their staff have longer, more meaningful and hyper-personalised conversations with clients that ultimately lead to deeper relationships and more profitable trades. A global bank that deployed Mosaic across its front desk recently reported that its sales team had made 20% more calls, had 22% longer conversations with clients, and this had resulted in significantly more volume seen and executed.