Data analytics technology specialist Mosaic Smart Data has won the Best Use of Data and Analytics award at the annual FStech Awards, held in London on Thursday 23rd March.

Mosaic fought off strong competition from six other leading fintech firms including Fidessa, Moody’s Analytics and Hello Soda. Mosaic was selected for its MSX platform, which enables banks to harness the data generated from electronic trade flows and derive actionable intelligence from it.

Regulatory changes and advances in technology are revolutionising fixed income, currencies and commodities (FICC) markets and driving the need for intelligent data analytics and reporting.

MSX delivers a next generation data analytics platform for FICC market participants. By delivering the insights and real-time intelligence they need to harness exponentially increasing data as well as meeting regulatory requirements, it enables trading and sales teams to significantly enhance their workflow productivity.

The platform standardises and aggregates multiple data sets to enhance audit trails and reporting, enabling banks to comply with mounting regulatory requirements.

Mosaic has fully integrated predictive analytics into MSX, enabling financial institutions to more accurately determine future market activity based on sophisticated algorithms and historical data.

Now in their 17th year, the FStech Awards recognise excellence and innovation in the field of information technology within the UK and EMEA financial services sector.

After collecting the award, Matthew Hodgson, CEO and Founder of Mosaic Smart Data, said: “In today’s digital world, banks need to have a deep understanding of the business they are handling in real time. The data is there, but it needs to be standardised and have intelligent analytics applied to it. It is an incredibly intensive undertaking which requires both innovative technology and thorough insight into the bank’s business needs.

“Mosaic gives banks that real time view. Through detailed, granular analytics we allow banks to understand their customers on every level, ensuring they make the right calls to the right clients at the right moment. Smart data analytics is a crucial step to improving the profitability of FICC trading desks, we are delighted our work in this area has been recognised by FSTech.”