FactSet and Alveo team up for ESG data integration requirements
By Megha Bhattacharya
FactSet and Alveo have announced a joint effort to address ESG data integration requirements for their respective clients. This collaboration includes Alveo making FactSet’s ESG data sets available in its data management platform. Alveo’s data mastering and analytics solutions will also be included in the Open:FactSet Marketplace.
Jonathan Reeve, SVP, Head of Content and Technology Solutions at FactSet, said, “Alveo is our first-to-market data management channel partner with access to the FactSet ESG data. We are pleased to be working with the Alveo team to help our clients address their financial reference data integration and analytics challenges. Solid and scalable ESG data integration has rapidly become a must-have in investment management. Alveo’s strength in data mastering and integration complements FactSet’s offerings.”
Alveo offers services in market data integration and analytics solutions for financial services. Focused on optimizing data flows for business user self-service, it provides cloud-native data aggregation and data quality management that enables clients to easily access trusted data while maximizing their data ROI. Through its managed services, it ensures that clients can smoothly onboard, prepare and validate data for use in operations, trading, investment management, pricing, risk, reporting and machine learning.
Mark Hepsworth, CEO, Alveo, said, “ESG is one of the biggest trends impacting investment management and it brings a significant requirement for data and data management technology. We are very happy to work with FactSet on this initiative. We have been integrating and mastering reference data for investment managers for many years and ESG is the most recent expansion of that data set. However, clients want to manipulate and create their own opinions and analytics on ESG data. FactSet is an industry leader and the integration between FactSet and Alveo’s data mastering and analytics solutions addresses this customer demand.”
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