Steps Ahead
Mosaic Smart Data: Empowering Financial Institutions with the Power of Smart Data
Data has always been a bank’s biggest asset, but the majority of these institutions are unable to harness it in a way that allows them to provide value-added services directly to customers and generate more profitability and market share for themselves. In today’s challenging operating environment, banks have to be smarter than ever when it comes to gaining a comprehensive view of their data and extracting value from it – turning big data into smart data. This is where Mosaic Smart Data comes in.
Mosaic was founded in 2014 with a vision to provide financial market professionals with data-driven tools to optimise sales and trading performance within the fixed income, currencies & commodities (FICC) markets. Mosaic’s technology enables participants to harness their capital markets transaction and market data by providing a single consolidated view of client transaction activity across the organisation and transform insight into actionable intelligence. This allows them to see in realtime what happened, why it happened, and what is likely to happen next.
By leveraging the latest AI and machine learning capabilities, the technology
enriches and personalises the analytic insights users receive. Mosaic delivers this in real-time through the MSX® platform and its best-in-class smart data analytics platform, MSX360®.
“Imagine having the world’s best digital quant sitting beside you guiding you to opportunity and action – this is precisely what Mosaic’s analytics delivers,” says Matthew Hodgson, CEO, and Founder of Mosaic Smart Data. The company helps banks implement successful data analysis programs, beginning with cleansing, normalising, aggregating, standardising, and enriching transaction and market data.
Following this, Mosaic’s advanced analytics tools begin to deliver value, providing insights across the organisation and designed for specific job roles. Mosaic equips firms with dynamic, personalised and actionable analysis and reporting that enables them to gain a significant competitive advantage through a better understanding of their transaction data.
Mosaic’s advanced suite of machine learning models identifies and alerts the user to opportunities and threats, generating actionable insights to accelerate business performance by:
- Increasing revenue by providing visibility and control over the factors that drive results
- Reducing time to market
- Driving down costs with no upfront expenses and a subscription license model
In essence, Mosaic was designed from the outset by focusing on the user and the specific questions that a salesperson or trader would wish to ask, in order to understand and act on an opportunity proactively.
Mosaic’s MSX® platform was instrumental in driving the success of one of the world’s leading financial groups, with a global network spread across more than 50 countries. The client engaged Mosaic on a pilot for its global FX business to carry out FX data analysis, normalisation and enrichment of its client transaction and market data while deploying the MSX platform and enabling users to view and interact with client transactions data. The client wanted to evaluate agreed AI and machine learning insights as well as gather feedback from users to inform future enhancements for product delivery.
By combining transaction data and market insights with machine learning and AI, Mosaic enabled the bank to identify trends and anomalies in the market. Each of the bank’s salespeople now benefits from world-class market intelligence at the click of a button, enabling them to operate with a 360-degree view of market activity to zero in on specific opportunities and take advantage immediately. Following the completion of the pilot, the customer reported a 20 per cent increase in the number of client calls, a 22 per cent increase in call time and more than 18 per cent increase in executed volumes.
Scripting similar success stories, Mosaic is on its way to empowering more banks with advanced analytics and AI, enabling them to sharpen their competitive edge in an increasingly data-centric world, and stand head and shoulders above their competitors.