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Alveo Expands Relationship with FactSet to Offer Data-as-a-Service

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Alveo has expanded its relationship with FactSet, which added FactSet ESG content to Alveo’s data management platform, with a collaboration that combines the companies’ data and data management capabilities to provide customers with solutions that integrate FactSet content into workflows and databases.

The collaboration is designed to minimise time needed to onboard new data sets and business applications, and help customers access the full range of FactSet’s data. This includes FactSet’s ESG and wider corporate actions services, as well as FactSet Concordance for security identifiers and legal entity recognition.

“Combining data and data management in a Data-as-a-Service offering that enables clients to onboard new data more easily is a growing requirement across our industry,” says Mark Hepsworth, CEO at Alveo. “Clients have a lot going on within their internal ecosystems and we need to make the integration of data as simple as possible. FactSet has a wide range of content and data management capabilities that we can further extend by combining our solutions in the cloud.”

Using Alveo’s data management solutions, FactSet content can be cross-referenced and linked with client data sets or content sourced from other data vendors within a client’s business process. The collaboration will also provide data lineage, data governance, data cleansing, and cloud shared delivery and integration into customer’s workflows and cloud data warehouses.

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