Michael Corbat

Citigroup is one of the first large Wall Street banks giving clients access to so-called alternative data sets through startup Thinknum.
Thinknum sources and presents data that it collects across the Internet, such as social media traffic around a brand’s reputation, the number of job postings, and the pricing and availability of products sold online.
Some banks have been reluctant to get into the game of giving access to these types of data series because of privacy concerns and perceptions that they’re giving hedge fund clients access to data unavailable to the broader investing public.

Alternative data sets aren’t so alternative anymore.

At least according to Citigroup, which last week started giving clients access to data collected and analyzed by Thinknum, a four-year old startup which provides iinsights into a company’s health that aren’t readily available from conventional sources like financial reports and economic indicators.

The banking giant becomes one of the first on Wall Street to give its clients access to one of the myriad vendors that have sprung up in the last few years selling obscure data sets.

Thinknum primarily sources and presents data that it collects across the Internet, such as social media traffic around a brand’s reputation, the number of …read more


Source:: Businessinsider – Finance

      

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