Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has enhanced its next generation data analytics platform to support a wide range of credit instruments, such as corporate and high yield bonds, alongside its existing rates and FX offering.
This new credit addition is currently being used by SMBC Nikko Capital Markets and is also in pilot with a number of other leading financial institutions.
Much of the global credit market, in particular corporate bonds, has traditionally been voice traded – but in recent years the market has seen a rapid evolution to electronic channels. As banks continue to reengineer their operations, they are seeking digital tools to enable them to modernise their workflow and drive higher productivity.
Launched in response to significant customer demand, Mosaic’s new credit offering provides a suite of cutting-edge data analytics tools that enable banks to leverage the vast untapped pool of transaction and market data at their disposal.
The platform aggregates all credit transaction data from across the organisation as well as external sources, normalising it and applying machine learning and advanced AI to extract actionable insight from it. The net result for the bank is its staff has longer, more meaningful and hyper-personalised conversations with clients that ultimately lead to deeper relationships and more profitable trades.
In addition to real-time data analysis, the Mosaic platform offers custom alerts and automated reporting, seasonality alerts, flow insights, client defection alerts, profitability-based insights, and anomaly detection.
Matthew Hodgson, CEO and founder of Mosaic Smart Data, said: “We have successfully helped many leading global banks support the digitisation of their FICC trading operations with cutting edge analytics tools, and now we are turning our attention to a market that has typically been resistant in the face of modernisation. We are delighted to have been chosen by SMBC Nikko Capital Markets to enable its global fixed income team to harness the power of data to enhance sales and trading performance, setting a new standard for the industry.
Robert Balch, Head of Fixed Income EMEA at SMBC Nikko Capital Markets said: "At SMBC Nikko, our driving ambition is to place customers at the centre of everything we do. Mosaic empowers us to deliver a highly personalised service and drives a data-driven culture which future proofs our business. Leveraging the best market leading digital solutions, Mosaic Smart Data’s addition of real time credit analytics became an obvious choice."