~ Exclusive agreement set to change the way fund information is consumed ~
Instinct Studios, a FinTech company that creates smarter digital customer experiences, has announced a preferred data provider deal with independent investment research firm Morningstar, Inc. The arrangement will give Instinct Studios’ innovation area, the FinTech Lab, access to Morningstar global fund data. Instinct will license the data to develop digital financial services solutions, designed to help investors make better informed financial decisions.
With Morningstar as the preferred data provider, Instinct Studios will have access to a comprehensive fund data-set, including hundreds of individual data-points. Instinct’s aim is to use Morningstar’s daily fund data to create engaging, interactive and insightful user experiences across web, mobile and touch-enabled devices.
”We’re delighted to work with Morningstar, as the quality of its data and proven expertise will add significant value to our FinTech Lab,” said Majid Shabir, CEO and Founder at Instinct Studios. ”When it comes to delivering fund information that investors can easily understand, the industry has so far been making small incremental changes, but we’re now looking for ways to raise the bar to a completely new level. I’m confident that by having access to Morningstar’s fund data, we’ll quickly find ways to transform the way investors’ access and consume fund information.”
Joanna McGinley, head of global alliances and redistributor solutions for Morningstar, said, “We’re committed to providing investors with the most effective data, research, and ratings, and we’re pleased to provide more investors with access to our fund data and information to help them conduct due diligence and reach their financial goals.“