The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

FactSet Completes Fundamentals Collection Milestone

Share article

FactSet Research Systems announces that it has completed the transition process for collection of the fundamentals database acquired from Thomson Reuters on April 22, 2008.

The acquisition included a copy of the Thomson Fundamentals database, source documents, collection software, documentation, and collection training materials. As per the Transitional Services Agreement, the Thomson update process was terminated on May 4.

FactSet branded the database “FactSet Fundamentals”, which entered the market in 2008. Since then, FactSet has dedicated more than 850 employees to the project, taking major strides to improve the collection system to ensure increased speed, accuracy, reliability and ease of use, and solidifying the database’s place as a preeminent global market data source.

As a result of their independent collection process, FactSet has been able to implement major enhancements, including expanded coverage of the database to more than 62,500 companies and source linking to give clients transparency into the data.

Key differentiating enhancements that have been added to FactSet Fundamentals:

Enhanced view of balance sheet and income statement that includes more granular detail, such as adjustments based on information found in the footnotes and MD&A, to provide insight beyond the traditional standardised items

Calendarised data series that make it easy to align and analyse companies on a comparable basis

Debt capital structure information that provides detailed breakdowns of a company’s financing activity

Restated data that includes important changes to company reports

Dual-listing support that links data to securities that have multiple listings

FactSet Fundamentals is tightly integrated with FactSet’s entity mapping, which allows information collected by FactSet’s proprietary content sets, such as corporate new issues, people, ownership, and estimates, to be incorporated into the Fundamentals data set.

Plus, every FactSet Fundamentals subscription includes access to FactSet Market Aggregates, an aggregation engine that lets clients analyse custom portfolios and indices with the same level of detail and transparency used for security analysis. Clients can access over 20 metrics for more than 2,850 third-party vendors and exchange indices. Benchmarks also include specific sector, industry-group, and industry-level indices.

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

2021 Predictions: Change is Afoot

By Marc Murphy, CEO, Fenergo. It almost feels like the financial industry went to bed in March 2020 and woke up in 2030. Prior to the pandemic, financial institutions had been falling behind when it came to digital transformation, only increasing resources when absolutely necessary. But now, the pandemic has forced financial institutions to make...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....