JPMorgan takes stake in data visualistion startup Mosaic Smart Data
14 March 2018 | 7504 views | 0
JPMorgan has taken a stake in UK-based data visualisation outfit Mosaic Smart Data, a graduate of the bank's 'In-Residence' startup programme.
The firm's technology uses algorithms to sift through data from fragmented fixed income markets and present the outcomes in a real-time customisable dashboard to help sales staff better visualise and anticipate client activity.
Mosaic Smart Data was the first graduate from the bank's In-Residence startup programme, in which startups work side-by-side with the bank over a six-month period to address specific business challenges. The bank signed a multi-year contract with the firm late last year to deploy its data platform across its rates desks globally.
The firm says it plans to use the undisclosed minority investment to expand its data platform into new asset classes.
Warren Rabin, the head of macro sales in America from JPMorgan says: "We are investing in our salesforce, and technology is part of that investment. These investments in people and technology reinforce our commitment to putting clients first in every aspect of our business.”