Thomson Reuters launches comprehensive ‘Private Company Data’ app in Eikon to facilitate...

Thomson Reuters launches comprehensive ‘Private Company Data’ app in Eikon to facilitate business growth and effective risk management for its customers

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Thomson Reuters announced the launch of ‘Wizcorp’ – a digital gateway to a universe of over 1.8 million Indian private companies, available via the App Studio on Eikon, Thomson Reuters flagship desktop product. Wizcorp will provide corporations and financial institutions including Corporate and Institutional Banking with a host of insights to accelerate growth and devise strategy while ensuring effective risk management and regulatory compliance. ‘Wizcorp’, developed in partnership with Bluevine Technologies, marks another milestone in the Thomson Reuters journey of leveraging Open Platforms to deliver and enhance the customer experience.

Through this unique platform, Thomson Reuters customers will get access to comprehensive information and deep insights on Indian private companies’ business information, profile, directors, financial intelligence including historical data, legal intelligence, credit worthiness, market cap and details of associated firms, which can bolster multiple workflows for their business. The data, which has been sourced from regulatory and other credible bodies, can also be updated on demand to reflect all changes on a real-time basis.

Pradeep Lankapalli, Managing Director, Thomson Reuters, South Asia said, “With increasing competitive pressures, and business models consantly changing, our customers need a wider perspective on market dynamics and businesses. With the Wizcorp app, we are providing them access to the full universe of private company data which will offer them a definitive competitive advantage and help them make informed decisions, and manage risk and grow their business.”

Nipam Shah, Director, Bluevine Technology said, “It has been a pleasure collaborating with Thomson Reuters to leverage the power of their Open Platform and create this application using our tech-enabled platform and one of the most comprehensive suites of Indian private company database access tools. As the Indian financial market continues to evolve, we look forward to partnering with Thomson Reuters to offer relevant solutions to their global customer base.”

Thomson Reuters Eikon is a powerful and intuitive next-generation open platform solution for consuming real-time and historical data, enabling financial markets transactions and connecting with the financial markets community. Its award-winning news, analytics and data visualization tools help its users make more efficient trading and investment decisions across asset classes and instruments including commodities, derivatives, equities, fixed income and foreign exchange. Eikon is a leading desktop and mobile solution that is open, connected, informed and intelligent.

App Studio, Eikon’s third party development suite, enables clients and vendors to embed their applications, content and work flows into Thomson Reuters Eikon, thus creating an integrated end-to-end solution. This open approach allows users to benefit from access to financial apps created by third party developers globally, built directly into Thomson Reuters Eikon.