Thomson Reuters adds alternative finance intelligence to Eikon
TAB Dashboard, developed by a Cambridge, UK-based firm, offers a comprehensive source of intelligence on the global alternative finance market.
TAB Dashboard, developed by a Cambridge, UK-based firm, offers a comprehensive source of intelligence on the global alternative finance market.
Cambridge-based TAB UK – recently rebranded from Crowdsurfer – has launched what it claims is the first alternative finance data app on the Thomson Reuters Eikon platform. TAB UK analyses data from more than 900 different alternative finance platforms, including equity, bonds, small to medium enterprise (SME) debt and peer-to-peer (P2P) and has mapped more than 10m transactions
TAB UK said the app was created as data on the alternative finance market is difficult to obtain, with financial professionals forced to gather information on a piecemeal basis, or direct from individual platforms, causing inconsistencies and making it hard to extract useful insights. The addition of TAB Dashboard to Eikon allows customers to use extensive data in a format and environment they are comfortable with and which is consistent, shaping their strategy and keeping them aware of regulatory and policy changes.
“TAB Dashboard will bring to the Thomson Reuters Eikon community unparalleled insight into the global alternative finance market,” said Emily Mackay, CEO, TAB UK “Online financial marketplaces are not only presenting substantial direct investment opportunities in a fresh asset class, but also generating data intelligence on signals of activity and desire. Our data analysis allows a user to make informed decisions on how to react to maximise the opportunities from online finance disruption.”
Alternative finance is one of the biggest growth areas in global finance. TAB Dashboard analytics shows that in 2016 an average of US$40.9m was raised per day, against a daily average of US$18.4m in 2014, with signs that growth is continuing its momentum.