The investment data platform, planned to be built natively on Google Cloud, will deliver data, insights, and solutions to enable better and faster investment decision-making and will help MSCI create better solutions
MSCI, Google Cloud partner to build data platform. (Credit: Firmbee.com on Unsplash)
MSCI, a US-based provider of investment decision support tools and services, has partnered with Google Cloud to create a cloud-native investment data platform.
The platform, planned to be built natively on Google Cloud, will deliver data, insights, and solutions to enable better and faster investment decision-making.
MSCI said that the platform will help create solutions that would better serve its clients, asset managers, asset owners, banks, corporates, insurers, and wealth managers.
MSCI chairman and chief executive officer Henry Fernandez said: “This alliance will bolster MSCI’s world-class solutions, helping our clients quickly turn data into relevant and actionable insights across asset classes and issues, such as climate risk.
MSCI chief technology officer Jigar Thakkar said: “We are pleased to join forces with Google Cloud to build a best-in-class AI and NLP-driven investment data platform that will help our research team accelerate its ability to create analytical products that power the financial markets.
“Combined with our broader suite of technology initiatives, this marks another step toward our mission to help our clients align their portfolios with their investment objectives through relevant data and advanced technology.”
MSCI will use Google Cloud’s artificial intelligence (AI) and natural language processing (NLP) technologies, and advanced analytics such as BigQuery, VertexAI, and Document AI.
Through the technologies, the company aims to acquire, ingest, and process structured and unstructured data at scale and more quickly than ever before.
In addition, Google Cloud will provide MSCI with geospatial analytics tools, such as Earth Engine and BigQuery Geospatial.
The tools will help the company quantify physical and transition climate risk metrics across the securities, geographies, and markets.
MSCI products and solutions, with geospatial data, will help investors model climate risks by location and enable more informed analysis, forecasting, and decision-making.
Google Cloud CEO Thomas Kurian said: “Google Cloud has a unique strategy for helping customers get insight from their data. We enable customers to analyse structured and unstructured data in one system and unify data lakes, data warehouses, and machine learning into a single platform.
“Our collaboration with MSCI will enable it to build an intelligent, cloud-native data platform that will improve the way its customers can make investment decisions.”