Home > News > Top Stories > Morningstar Launches Analytics Lab, a Data Science Platform for Finance Professionals

Financial Management

Morningstar Launches Analytics Lab, a Data Science Platform for Finance Professionals

Morning_star_Launches
Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced the launch of Analytics Lab, a new capability for data scientists and analysts in its investment analysis platform, Morningstar Direct, following the launch of the interactive research functionality last year. Analytics Lab lets users programmatically investigate Morningstar data and research more deeply to discover new opportunities for investing success.

Analytics Lab gives users access to the development platform behind the prebuilt Morningstar research and data sets, enabling users to create custom notebooks in a hosted environment, combining the powers of Morningstar data with Python programming language.

Investors need to extract meaningful insights from immense amounts of data every day. Analytics Lab opens the door to Morningstar's core data and research, enabling users to discover new opportunities for investing success much more efficiently in a flexible environment, Our data, analytics, and communication capabilities create a platform that's completely new to the Morningstar universe which will empower our clients like never before."

Frannie Besztery, head of Morningstar Direct.

For those familiar with Python, the module evolves from a prebuilt analysis tool to a fully customizable and personalized platform. Users can now explore and discover Morningstar data with flexibility and leverage previously created Data Sets, Lists and Search Criteria, and Performance Reports from Morningstar Direct. As a result, Analytics Lab allows users with coding and analytical skills to automate their workflows faster than ever before and share these results with other Morningstar Direct users at their firm.

Analytics Lab incudes features to simplify the often-lengthy process of finding data and developing code including drag-and-drop capabilities to automatically insert code, robust Python documentation, sample queries, and tutorial notebooks help new users find and navigate Morningstar's data. 

Coding skills aren't a prerequisite to benefit from Analytics Lab's technological power. Morningstar's library of prebuilt research and data sets, couples multi-faceted data sets with automated analysis, allowing clients to quickly visualize meaningful insights and turn research into action. For example, the firm diversity data set can analyze the presence of diversity within an asset management firm's ownership, board, employee workforce, company policies, and hired service providers. Since the initial launch last year, Morningstar released 13 data sets, on various industry trends and will be launching data sets about U.S. fund fee trends, active and passive fund analysis, ESG topics, and more.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $265 billion in assets under advisement and management as of March 31, 2022. The Company has operations in 29 countries.

Spotlight

Recession Readiness with Indirect-Tax Automation

Most companies now bracing for a recession will be redoubling their efforts to reduce costs and carefully manage cash. In this playbook, learn how financial executives can turn to technology for indirect tax management to help them unlock additional cash and find cost savings. We also examine how best-in-class tax technology can

More featured news

Spotlight

Recession Readiness with Indirect-Tax Automation

Most companies now bracing for a recession will be redoubling their efforts to reduce costs and carefully manage cash. In this playbook, learn how financial executives can turn to technology for indirect tax management to help them unlock additional cash and find cost savings. We also examine how best-in-class tax technology can

Related News

Financial Management

UBS goes live on Broadridge's New Distributed Ledger Sponsored Repo Solution

PR Newswire | October 06, 2023

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that UBS successfully went live on Broadridge's newly launched sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform. This sponsored repo solution marks the launch of the next phase in the rollout of Broadridge's DLR platform. Continuing to build on the initial success of the platform and leveraging the growing expansion of the network across the global repo community, this is a major step forward to providing clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts. By digitizing our existing sponsored repo trade flow and incorporating those trade flows into our DLR tech stack on Broadridge's platform, we can increase efficiencies while reducing the risk of fails and lowering our settlement costs, said Christian Rasmussen, Head of Investment and Execution, Group Treasury UBS. We are always looking for innovative ways to reduce operational risks and believe this platform will help us accomplish our goals. "We are thrilled to announce the go live of BR's new sponsored repo solution, which leverages distributed ledger technology to help clients gain operational efficiencies and drive settlement cost reduction. This is the latest milestone in executing on our vision of transforming global repo market infrastructure and further demonstrating the power and value creation of DLR," said Horacio Barakat, Head of Digital Innovation at Broadridge. "We are empowering leading financial institutions with the ability to dramatically lower risk and operating costs and see enhanced liquidity." The global expansion of the DLR platform across both sell-side and buy-side firms enables a network effect of increased benefits and additional transaction types. Broadridge is a leader in bringing the benefits of distributed ledger capabilities to transform the global repo market, capturing $1 trillion dollars in monthly volume.

Read More

Financial Management

BNY Mellon Unveils Bankify, A Cutting-Edge Addition to Its Portfolio

BNY Mellon | September 11, 2023

BNY Mellon and Trustly have joined forces for an open banking payment solution with guaranteed settlement. This open banking payments solution ensures a smooth user experience and guarantees funds for business receivables. Bankify integrates BNY Mellon's proficiency in transaction payments with Trustly's prominent open banking capabilities. Bankify, BNY Mellon's latest innovation, introduces an open banking payments solution designed to streamline the process of accepting payments directly from consumers' bank accounts, making it more convenient for organizations. It represents a pivotal stride forward in modern finance, designed with meticulous care to simplify and optimize payment interactions. BNY Mellon clients will now have the power to empower their end-users with a straightforward method for conducting transactions directly from their bank accounts, presenting a viable and enticing alternative to credit cards, debit cards, and third-party payment platforms. Bankify's innovation is not confined to a single niche but embraces the entire digital finance ecosystem. Its meticulous design ensures that it caters comprehensively to diverse payment needs, offering simplicity, security, and choice. By bridging the gap between traditional banking and the dynamic world of digital finance, Bankify streamlines payments and enhances customer experiences. It stands as a testament to BNY Mellon's forward-thinking approach and dedication to pushing financial technology's boundaries. "Bankify moves the needle for the payments industry in both the depth of the solution and the diverse range of organizations it can support," expressed Jennifer Barker, Global Head of Treasury Services for BNY Mellon. [Source: Cision PR Newswire] Jennifer's emphasis on Bankify's capabilities underscores its remarkable versatility and effectiveness across various sectors of the financial industry. Bankify's account linking and settlement guarantee features stand out as powerful assets in a wide range of scenarios. Whether a merchant seeks cost-effective payment processing, a biller aims to modernize customer interactions and secure banking data sharing, or a brokerage firm requires guaranteed settlement for instant fund access during enrollment, these features provide significant benefits. They streamline operations and greatly enhance an organization's overall financial performance, highlighting Bankify's profound impact on the financial spectrum. Meanwhile, Alexandre Gonthier, Founder and CEO of Trustly, Inc., also highlighted the driving force behind the collaboration with BNY Mellon. The shared dedication to advancing the payment industry and establishing a fresh, open banking-based standard for consumer and business payments has been a central driving force. This partnership underscores a shared belief that consumers should have access to a financially responsible payment method while merchants stand to gain valuable insights from open banking-enabled data. Nevertheless, the essence of Bankify lies in its versatility, accommodating a broad spectrum of consumer-to-business payment scenarios, including merchant payments, bill settlements, and the funding of digital wallets or accounts.

Read More

Fintech

Broadridge Introduces BRx Match to Revolutionize Reconciliation

Broadridge | September 18, 2023

Broadridge launches BRx Match, a cloud-based reconciliation and matching platform to empower business users to streamline complex reconciliation processes and enhance data integrity. BRx Match offers self-build capabilities for business users, enabling faster onboarding of new reconciliations, reducing total ownership costs, and enhancing operational responsiveness. This innovation represents a significant milestone in Broadridge's commitment to delivering cutting-edge fintech solutions that address real-world challenges and optimize reconciliation operations while maintaining data integrity. Broadridge Financial Solutions, a global leader in fintech, has unveiled a game-changing solution to tackle reconciliation and data integrity challenges. The company has introduced BRx Match, a comprehensive cloud-based reconciliation and matching platform designed to empower business users with the tools to streamline complex reconciliation processes. Alastair McGill, General Manager of Data Control Solutions, Broadridge, shared, As global regulatory requirements become more complex and increasing transaction volumes demand greater operational efficiency as well as risk management, BRx Match allows financial and corporate clients to automate the reconciliation of any data sources and expedite the exception management process. [Source – Cision PR Newswire] With its business-user self-build capabilities, the platform would speed up onboarding new reconciliations, reducing total ownership costs and developing a more responsive operation. Alastair added that BRx Match represented the latest instance of Broadridge's commitment to streamlining the front-to-back environment for its clients by simplifying data integration. This launch of the new solution represents a significant milestone in Broadridge's commitment to providing cutting-edge fintech solutions that address real-world challenges faced by businesses across the globe. BRx Match enhances operational efficiency and ensures higher transparency and accuracy by automating the reconciliation process from its inception, making BRx Match a strategic asset for enterprises seeking to optimize their reconciliation operations while maintaining integrity. The introduction of BRx Match marks a notable departure from traditional reconciliation solutions that have struggled to meet the ever-evolving demands of the modern business landscape. In the past, businesses faced a daunting challenge when attempting to consolidate and coordinate reconciliation efforts across diverse data sources and models. BRx Match is an industry pioneer in offering a holistic data acquisition and transformation approach. It provides a set of fundamental matching rules that cater to a wide array of common reconciliation needs. With its versatility, businesses can harness a range of matching engines to attain optimal results, granting them unprecedented control and adaptability in their reconciliation tasks. Data agnosticism is a unique feature of BRx Match. It enables users to seamlessly reconcile across various data types, from securities and cash to derivatives, reference data, card services, financial, and insurance data. This platform delivers a unified and consistent user experience throughout the enterprise. It places the power of reconciliation firmly in the hands of business users, allowing them to design, build, test, modify, and deploy their reconciliation processes with ease.

Read More

Financial Management

UBS goes live on Broadridge's New Distributed Ledger Sponsored Repo Solution

PR Newswire | October 06, 2023

Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that UBS successfully went live on Broadridge's newly launched sponsored repo solution built on the DLT enabled Distributed Ledger Repo (DLR) platform. This sponsored repo solution marks the launch of the next phase in the rollout of Broadridge's DLR platform. Continuing to build on the initial success of the platform and leveraging the growing expansion of the network across the global repo community, this is a major step forward to providing clients with significant settlement cost savings, process simplification, scalability, and reduction of operational risks via distributed ledger technology and smart contracts. By digitizing our existing sponsored repo trade flow and incorporating those trade flows into our DLR tech stack on Broadridge's platform, we can increase efficiencies while reducing the risk of fails and lowering our settlement costs, said Christian Rasmussen, Head of Investment and Execution, Group Treasury UBS. We are always looking for innovative ways to reduce operational risks and believe this platform will help us accomplish our goals. "We are thrilled to announce the go live of BR's new sponsored repo solution, which leverages distributed ledger technology to help clients gain operational efficiencies and drive settlement cost reduction. This is the latest milestone in executing on our vision of transforming global repo market infrastructure and further demonstrating the power and value creation of DLR," said Horacio Barakat, Head of Digital Innovation at Broadridge. "We are empowering leading financial institutions with the ability to dramatically lower risk and operating costs and see enhanced liquidity." The global expansion of the DLR platform across both sell-side and buy-side firms enables a network effect of increased benefits and additional transaction types. Broadridge is a leader in bringing the benefits of distributed ledger capabilities to transform the global repo market, capturing $1 trillion dollars in monthly volume.

Read More

Financial Management

BNY Mellon Unveils Bankify, A Cutting-Edge Addition to Its Portfolio

BNY Mellon | September 11, 2023

BNY Mellon and Trustly have joined forces for an open banking payment solution with guaranteed settlement. This open banking payments solution ensures a smooth user experience and guarantees funds for business receivables. Bankify integrates BNY Mellon's proficiency in transaction payments with Trustly's prominent open banking capabilities. Bankify, BNY Mellon's latest innovation, introduces an open banking payments solution designed to streamline the process of accepting payments directly from consumers' bank accounts, making it more convenient for organizations. It represents a pivotal stride forward in modern finance, designed with meticulous care to simplify and optimize payment interactions. BNY Mellon clients will now have the power to empower their end-users with a straightforward method for conducting transactions directly from their bank accounts, presenting a viable and enticing alternative to credit cards, debit cards, and third-party payment platforms. Bankify's innovation is not confined to a single niche but embraces the entire digital finance ecosystem. Its meticulous design ensures that it caters comprehensively to diverse payment needs, offering simplicity, security, and choice. By bridging the gap between traditional banking and the dynamic world of digital finance, Bankify streamlines payments and enhances customer experiences. It stands as a testament to BNY Mellon's forward-thinking approach and dedication to pushing financial technology's boundaries. "Bankify moves the needle for the payments industry in both the depth of the solution and the diverse range of organizations it can support," expressed Jennifer Barker, Global Head of Treasury Services for BNY Mellon. [Source: Cision PR Newswire] Jennifer's emphasis on Bankify's capabilities underscores its remarkable versatility and effectiveness across various sectors of the financial industry. Bankify's account linking and settlement guarantee features stand out as powerful assets in a wide range of scenarios. Whether a merchant seeks cost-effective payment processing, a biller aims to modernize customer interactions and secure banking data sharing, or a brokerage firm requires guaranteed settlement for instant fund access during enrollment, these features provide significant benefits. They streamline operations and greatly enhance an organization's overall financial performance, highlighting Bankify's profound impact on the financial spectrum. Meanwhile, Alexandre Gonthier, Founder and CEO of Trustly, Inc., also highlighted the driving force behind the collaboration with BNY Mellon. The shared dedication to advancing the payment industry and establishing a fresh, open banking-based standard for consumer and business payments has been a central driving force. This partnership underscores a shared belief that consumers should have access to a financially responsible payment method while merchants stand to gain valuable insights from open banking-enabled data. Nevertheless, the essence of Bankify lies in its versatility, accommodating a broad spectrum of consumer-to-business payment scenarios, including merchant payments, bill settlements, and the funding of digital wallets or accounts.

Read More

Fintech

Broadridge Introduces BRx Match to Revolutionize Reconciliation

Broadridge | September 18, 2023

Broadridge launches BRx Match, a cloud-based reconciliation and matching platform to empower business users to streamline complex reconciliation processes and enhance data integrity. BRx Match offers self-build capabilities for business users, enabling faster onboarding of new reconciliations, reducing total ownership costs, and enhancing operational responsiveness. This innovation represents a significant milestone in Broadridge's commitment to delivering cutting-edge fintech solutions that address real-world challenges and optimize reconciliation operations while maintaining data integrity. Broadridge Financial Solutions, a global leader in fintech, has unveiled a game-changing solution to tackle reconciliation and data integrity challenges. The company has introduced BRx Match, a comprehensive cloud-based reconciliation and matching platform designed to empower business users with the tools to streamline complex reconciliation processes. Alastair McGill, General Manager of Data Control Solutions, Broadridge, shared, As global regulatory requirements become more complex and increasing transaction volumes demand greater operational efficiency as well as risk management, BRx Match allows financial and corporate clients to automate the reconciliation of any data sources and expedite the exception management process. [Source – Cision PR Newswire] With its business-user self-build capabilities, the platform would speed up onboarding new reconciliations, reducing total ownership costs and developing a more responsive operation. Alastair added that BRx Match represented the latest instance of Broadridge's commitment to streamlining the front-to-back environment for its clients by simplifying data integration. This launch of the new solution represents a significant milestone in Broadridge's commitment to providing cutting-edge fintech solutions that address real-world challenges faced by businesses across the globe. BRx Match enhances operational efficiency and ensures higher transparency and accuracy by automating the reconciliation process from its inception, making BRx Match a strategic asset for enterprises seeking to optimize their reconciliation operations while maintaining integrity. The introduction of BRx Match marks a notable departure from traditional reconciliation solutions that have struggled to meet the ever-evolving demands of the modern business landscape. In the past, businesses faced a daunting challenge when attempting to consolidate and coordinate reconciliation efforts across diverse data sources and models. BRx Match is an industry pioneer in offering a holistic data acquisition and transformation approach. It provides a set of fundamental matching rules that cater to a wide array of common reconciliation needs. With its versatility, businesses can harness a range of matching engines to attain optimal results, granting them unprecedented control and adaptability in their reconciliation tasks. Data agnosticism is a unique feature of BRx Match. It enables users to seamlessly reconcile across various data types, from securities and cash to derivatives, reference data, card services, financial, and insurance data. This platform delivers a unified and consistent user experience throughout the enterprise. It places the power of reconciliation firmly in the hands of business users, allowing them to design, build, test, modify, and deploy their reconciliation processes with ease.

Read More

More featured news