FactSet and Alveo Collaborate to Help Clients with Last Mile Data Integration
25 May 2021 – Following the successful integration of FactSet’s ESG content into Alveo’s data management platform, FactSet and Alveo are pleased to announce a collaboration that combines their respective data and data management capabilities to provide customers with integrated solutions that more easily puts FactSet content into clients’ workflows and databases.
The collaboration will minimize the required time needed to onboard new data sets and business applications to help customers optimize the full range of FactSet’s data. This includes FactSet’s ESG and wider corporate actions services, as well as FactSet’s Concordance for security identifiers and legal entity recognition.
With the help of Alveo’s data management solutions, FactSet content can be cross-referenced and linked with client data sets or content sourced from other data vendors within a client’s business process. Additionally, the collaboration will provide the capabilities for data lineage, data governance, data cleansing, and cloud sharing delivery and integration into customer’s workflows and cloud data warehouses.
Jonathan Reeve, SVP, Head of Content and Technology Solutions at FactSet, said: “We are pleased to work with Alveo’s cloud-based data management so that clients can cross-reference and integrate our content and blend it with their internal data to slash the time required to onboard new data sets, reports, and business applications, as well as expedite the incorporation into their business workflows.”
Alveo focuses on the integration of market and reference data from multiple external and internal sources covering all asset classes including pricing information, referential information, ESG data and issuer, and corporate actions data. Alveo’s cloud-based data mastering and data quality solution tracks the collection, integration, and quality-vetting of a diverse set of content providers. Concurrently with collaborating on integrated solutions, Alveo has extended its set of off-the-shelf integrations with FactSet content including corporate actions data.
Mark Hepsworth, CEO, Alveo, said: “Combining data and data management into a Data as a Service offering that enables clients to more easily onboard new data, is we believe a growing requirement across the industry. Clients have a lot going on within their internal ecosystems and we need to enable the integration of data to be as simple as possible. We are very pleased to work with FactSet on this initiative. They have a wide range of content and data management capabilities that we can further extend by combining our solutions within the cloud.”
About Alveo
Alveo is the leader in market data integration and analytics solutions for financial services. Focused on optimizing data flows for business user self-service, we provide cloud-native data aggregation and data quality management that enables clients to easily access trusted data while maximizing their data ROI.
Through our managed services, we ensure that clients can smoothly onboard, prepare and validate data for use in operations, trading, investment management, pricing, risk, reporting and machine learning.
We service a global client base, and our award-winning technology provides easy integration into business user workflows and a proven platform for advanced analytics. Through combining deep domain expertise with the latest open-source technologies, we help financial institutions ensure high-quality data, optimize market data cost and maximize productivity.
*Please note: This press release was originally published under Alveo Technologies. As of the publication date, Alveo Technologies is now known as Prime EDM under Gresham. Any prior Alveo content has been updated to reflect Gresham's current branding and offerings.