Barclays has unveiled a significant multi-year strategic agreement with FactSet, marking a pivotal development in the bank's long-term market data strategy. The high street banking giant, which maintains several branches across Birmingham, is partnering with the global financial digital platform and enterprise solutions provider to enhance its service offerings.
Transforming Market Data Delivery
This collaboration will leverage FactSet's sophisticated analytics and innovative technology to empower Barclays in providing superior, data-driven solutions for its extensive global client base. The partnership emerges during what industry experts describe as an intense period of transformation within the market data sector.
From Consumers to Co-creators
Georges Lauchard, Investment Bank Chief Operating Officer at Barclays, commented on the evolving landscape, stating: "Market data is undergoing an intense period of change whereby customers of market data providers are evolving from consumers to co-creators of capabilities to yield competitive insights."
Under this agreement, FactSet will grant Barclays comprehensive access to its product suite, data resources, and enabling solutions. This includes implementing collaborative working methodologies designed to ensure optimal delivery of customer-focused solutions.
Setting New Industry Standards
Goran Skoko, Chief Revenue Officer at FactSet, emphasised the partnership's potential impact: "Together, Barclays and FactSet are poised to set new standards for efficiency and transparency in financial data, reaffirming our mutual commitment to shaping the future of capital markets."
Additionally, Barclays has received an invitation to join FactSet's Client Advisory Board, facilitating closer collaboration between both organisations in developing future data and technology solutions that better serve the financial industry.
FactSet's Established Expertise
FactSet brings over 47 years of financial intelligence expertise to this partnership, with offices spanning 19 countries and extensive multi-asset class coverage. The company's cutting-edge digital platform integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across multiple sectors including:
- Buy-side and sell-side operations
- Wealth management services
- Private equity investments
- Corporate financial sectors
The company leverages advanced data connectivity alongside artificial intelligence and next-generation tools to streamline workflows, enhance productivity, and enable more informed, rapid decision-making processes.
Global Reach and Commitment
FactSet serves more than 9,000 global clients and over 239,000 individual users worldwide, maintaining its position as a member of the S&P 500 with a dedicated focus on innovation and long-term client success. This partnership represents a significant step forward in Barclays' ongoing commitment to providing enhanced financial services through technological advancement and strategic collaboration.
