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

A-Team Insight Blogs

S&P Global Extends AI and Analytics with Acquisition of Fintech Firm Kensho

S&P Global plans to strengthen its capabilities in emerging technologies through the acquisition of Kensho Technologies, a provider of next-generation data analytics, artificial intelligence (AI), machine learning and data visualisation systems to financial institutions and national security. The company will acquire Kensho for about $550 million and expects the deal to close late this quarter or early next.

Kensho was founded in 2013 by Daniel Nadler, a Harvard PhD, with a mission to develop and deploy scalable AI systems that have a real-world impact across government and commercial organisations. The company has been named a ‘technology pioneer’ by the World Economic Forum.

The acquisition of Kensho will strengthen S&P Global’s emerging technology capabilities, enhance its ability to deliver actionable insights for clients, and accelerate efforts to improve efficiency and effectiveness of internal operations.

Douglas Peterson, president and CEO at S&P Global, says: “In just a short amount of time, Kensho’s intuitive platforms, sophisticated algorithms, and machine learning capabilities have established a wide following throughout Wall Street and the technology world. With this acquisition, S&P Global is demonstrating a commitment to not just participate in the fintech evolution, but lead it.”

Nadler, founder and CEO at Kensho, adds: “Kensho has assembled one of the most elite AI teams in the world, drawing from the scientific community’s leading global research universities. Combining our industry-leading expertise in machine learning with S&P Global’s deep datasets, global scale analytics platforms, essential benchmarks, reputation and leadership team will allow Kensho to expand and innovate faster, further and in new ways. This deal values Kensho at a premium to its most recent funding round.”

In 2017, S&P Global launched a Fintech Venture Investment programme and invested in several fintech companies including Algomi, a London-based fintech company; Ursa Space Systems, an alternative data technology company; and Kensho.

Related content

WEBINAR

Recorded Webinar: Data management for analytics and market surveillance

The financial services industry is starting to harness the potential of Big Data analytics to gain insights that can yield competitive advantage. At the same time, market surveillance has emerged as a major requirement for trading firms across the board as regulations like MiFID II and Market Abuse Regulation (MAR) push both buy- and sell-side...

BLOG

Bond Market Automation: New Initiatives Embrace AI for Pricing

As global fixed Income markets move further towards greater electronification, two recent announcements underscore the market’s growing acceptance of solutions powered by artificial intelligence (AI). Last week saw the announcement of a strategic partnership between New York-based data and analytics specialist 7 Chord and IHS Markit that will enable customers to consume IHS Markit’s fixed...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...