Thomson Reuters working with top London University on big data

Project to create ‘global ecosystem’ on FinTech and RegTech for financial institutions and academics.

Thomson Reuters is working with Imperial College London in an attempt to solve global big data challenges impacting the financial sector.

The idea behind the project is to “drive faster innovation in FinTech and RegTech” through extended research.

Thomson Reuters is contributing financial market data, data management and machine-learning expertise to Imperial’s data visualisation studio.

A ‘global ecosystem’ for financial institutions, academics and tech firms will be produced to tackle issues in FinTech and RegTech.

Mark Rodrigues, global managing director at Thomson Reuters, said the collaboration “is part of our growing global strategy to drive faster innovation in FinTech and RegTech that helps our customers respond to change and opportunity across the financial and legal services industries.”

Imperial officially opened its data science institute in 2014, and Thomson Reuters was one of the first work with its team, although big data is the most recent collaboration.

Professor Yi-ke Guo, director of the data science institute at Imperial, added the partnership will “present new opportunities to unlock hidden insights.”