For the first time in APAC region, Thomson Reuters, world’s oldest fintech company is opening up its platform for startups and technology companies. This move will enable them to leverage proprietary data and business insights in order to build transformative apps.
The platform will provide a great opportunity for institutional FinTech Startups, which can potentially be on-boarded and therefore access over 500,000 institutional clients. The financial industry is increasingly turning to open technology standards to drive innovation in complex business landscape. Emerging technologies, like Artificial Intelligence, Big Data, Robotics, Algo Tech, Machine Learning, and Encryption Techniques are creating new opportunities for innovation in the finance industry.
New and rising startups with innovative business ideas in such areas are craving validation, new customers, and valuable resources. Many of them experiencing rapid growth are on their way to venture backed funding, or going public, or becoming the technology giants they were designed to be, but they are also facing the classic growing pains in the areas of audit, tax and internal controls that accompany this growth.
The firm with an aim to provide professionals with the intelligence, technology and human expertise they need, has invited a panel of eminent speakers including Saurabh Tripathi (Senior Partner & Director, The Boston Consulting Group), Manoj Kulkarni (Managing Director, Barclays Technology Centre India), Seema Kumar (Country Leader, Developer Ecosystem & Startups, IBM), Alan Lysne (Managing Director, Ryerson Futures Inc.).
Thomson Reuters was established in India back in 1851 with the office set up in Mumbai. The business has grown steadily over the years, with offerings in Financial, Risk, Corporate Enterprise, and Government and with the addition of the IP & Science, Legal, and most recently the Tax & Accounting business.