Fintech Sandbox Adds Morningstar as Latest Data Provider

Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term Sandbox, a nonprofit provider of free and low cost financial data and technology services for fintech startups, has enlisted Morningstar, Inc., which joins FinTech Sandbox as its latest data provider.

FinTech Sandbox has carved out a role in the industry as a facilitator of financial data and infrastructure for up-and-coming FinTech startups worldwide.

Morningstar, Inc. is a provider of independent investment research globally, with clients in North America, Europe, Australia, and Asia. The company’s offering caters to individual investors, financial advisors, asset managers, and retirement plan providers across such asset classes as equities, indexes, futures, options, commodities, precious metals, and foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX).

According to Joanna McGinley, Head of Redistributor Solutions for Morningstar, in a recent statement on its interaction with Fintech Sandbox: “Morningstar’s mission is to help investors reach their financial goals, and we want to work with companies that share this mission. We are excited to contribute our data to FinTech Sandbox and the startups it supports.”

“Morningstar revolutionized mutual fund analysis, so they understand innovation in financial services. The company’s strong belief in supporting entrepreneurs in the global FinTech community makes Morningstar an excellent collaborator for our startups,” she added.

Last month, FinTech Sandbox announced that Estimize had become the program’s latest data partner. FinTech Sandbox already has existing partnerships with firms such as Thomson Reuters, Fidelity Investments, and Amazon Web Services.