MT Newswires’ addition marks the first external data provider within the FactSet Intelligent Platform Initiative
Norwalk, Conn., December 12, 2024 – FactSet, a global financial digital platform and enterprise solutions provider, and MT Newswires, a publisher of global, real-time multi-asset class news, today announced an expanded relationship to further drive the intersection of financial news and AI.
This mutual collaboration allows FactSet to deliver MT Newswires’ data through its innovative AI delivery channels, such as The FactSet AI Partner Program and GenAI Data Packages. This provides data-driven technologists across financial services firms and fintech companies access to MT Newswires’ vast array of news, alongside FactSet’s robust structured and unstructured data solutions, to generate AI-powered insights via one unified source.
Simultaneously, MT Newswires will deploy FactSet’s Media Flagship Workstation and datafeeds into their newsroom to provide reporters with high quality financial content to complement their reporting talent. FactSet’s extensive data coverage enhances media companies’ value by providing insight into global companies, securities, markets, and sectors. This allows media companies to improve the quality and depth of their financial reporting and ultimately benefit their readers and viewers with more accurate and insightful content.
In 2025, FactSet will expand access to MT Newswires’ content via FactSet Mercury, the company’s conversational knowledge engine, which includes next-generation search intelligence, now enhanced by MT Newswires’ insights. This empowers users to spend less time searching for financial information and more time acting on it. FactSet and MT Newswires will also seek additional opportunities to distribute their content through FactSet's cloud solutions, targeting new, innovative ways for clients to leverage MT Newswires’ data.
“MT Newswires has been an incredible partner to FactSet over the years, bringing great, in-depth news coverage to our users in markets around the world. Being able to add their industry-leading reporting into FactSet’s Generative AI solutions, such as FactSet Mercury and Conversational API, as well as being the distribution channel to clients through our GenAI Data Package and AI Partner Program, helps strengthen FactSet as a leader in AI solutions and AI data distribution,” said John Costigan, FactSet’s Chief Data Officer.
"We are excited to start powering our newsroom with FactSet's world class data, and to expand the many channels through which customers can access our news,” said Brooks McFeely, CEO of MT Newswires. “With vast amounts of data available to our clientele, FactSet’s AI data and solutions revolutionize the reporting process by automating routine analysis, uncovering timely trends, and providing data-backed content, ultimately assisting our reporters in delivering the best-in-class news that make an impact for our users.”
To learn more about FactSet's Artificial Intelligence Solutions, please visit: https://www.factset.com/ai
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 216,000 individual users. Clients across the buy-side and sell-side, as well as wealth managers, private equity firms, and corporations, achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized among the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.
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