Dow Jones Joins FinTech Sandbox as Data Partner to Promote Innovation in Financial Technology and Services
Dow Jones Dow Jones Joins FinTech Sandbox as Data Partner
BOSTON and NEW YORK, June 13, 2019 /PRNewswire-PRWeb/ -- FinTech Sandbox announced today that Dow Jones, a trusted source of business news and financial information globally for more than 130 years, has joined as a data partner. Dow Jones is providing access to its trusted, renowned content, as well as thousands of licensed news and data sources, to FinTech Sandbox startups via DNA, its developer platform.
FinTech Sandbox facilitates innovation in the financial sector by making data and infrastructure available to well-qualified FinTech startups at the point when such access is most impactful. These Sandbox startups, in return, are expected to collaborate with each other, sharing learnings and advancements that benefit the FinTech ecosystem. Participating startups pay no fees, and no equity is taken.
Dow Jones is a global provider of news and professional information from its trusted brands, including The Wall Street Journal, the most trusted newspaper in America, Dow Jones Newswires, Factiva, Barron's, MarketWatch, and Financial News.
Jonathan Palmer, Head of Licensing and Venture Partnerships at Dow Jones, said: "News-derived data can be leveraged for everything from training machine learning algorithms, to identifying non-quantitative factors that contribute to alpha, to uncovering relationships that may be critical for risk mitigation or compliance.
"We are very pleased to make our trusted, high-quality news, information and data available to FinTech entrepreneurs through our partnership with the Sandbox. You can't thrive for more than 130 years in our industry without a continual focus on driving innovation, and this partnership is yet another example of that."
According to Jean Donnelly, FinTech Sandbox Executive Director, "We are very excited to bring on a brand as iconic as Dow Jones as a data partner. Dow Jones' news and information has always been highly valued by the global financial services industry. I'm excited to see the advances Sandbox startups will be able to make with access to these unique datasets."
Over 180 startups from around the world have been accepted as participants since FinTech Sandbox launched in 2015. Alumni include Kensho (acquired by S&P Global), Petal, TellusLabs (acquired by Indigo), and Quantopian. Companies accepted to the program have gone on to raise, in aggregate, more than $400 million.
About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world's largest news gathering operations globally. It produces leading publications and products including the flagship Wall Street Journal, America's largest newspaper by paid circulation; Factiva, Barron's, MarketWatch, Mansion Global, Financial News, Dow Jones Risk & Compliance, Dow Jones Newswires, and Dow Jones VentureSource. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).
About FinTech Sandbox
FinTech Sandbox is a Boston-based nonprofit that promotes financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs and start-ups. Sponsors include Amazon Web Services, Fidelity Investments, F-Prime Capital, Franklin Templeton, Intel, State Street, Refinitiv, and Goodwin Procter.
For more information, please visit http://www.FinTechSandbox.org and http://www.twitter.com/FinTechSandbox.
Contact:
Dow Jones
Sophie Bent
sophie.bent(at)dowjones.com
FinTech Sandbox
Tatiana Urban
turban(at)fintechsandbox.org
SOURCE FinTech Sandbox
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