Mosaic Smart Data expands into credit markets

Dan Barnes

Mosaic Smart Data, a capital markets data analytics provider, has expanded its data analytics platform to support a wide range of credit instruments, such as corporate and high yield bonds, alongside its existing rates and FX offering.

This new credit addition is currently being used by SMBC Nikko Capital Markets and is also in pilot with a number of other leading financial institutions. A large proportion of global credit trading is conducted by voice, but increased level of electronification and automation has supported greater access to data in order to modernise workflows and drive higher productivity.

Mosaic’s new credit offering provides a data analysis tool that can enable banks to use the transaction and market data at their disposal. The platform aggregates credit transaction data from across the organisation as well as external sources, normalising it and using machine learning and artificial intelligence to extract actionable insight from it. The net result for the bank is expected to be that staff have longer, more meaningful and personalised conversations with clients that can lead to deeper relationships and more profitable trades.

In addition to real-time data analysis, the Mosaic platform offers custom alerts and automated reporting, seasonality alerts, flow insights, client defection alerts, profitability-based insights, and anomaly detection.

Matthew Hodgson, CEO and founder of Mosaic Smart Data, said, “We have successfully helped many leading global banks support the digitisation of their FICC trading operations with cutting edge analytics tools, and now we are turning our attention to a market that has typically been resistant in the face of modernisation. We are delighted to have been chosen by SMBC Nikko Capital Markets to enable its global fixed income team to harness the power of data to enhance sales and trading performance, setting a new standard for the industry.

Robert Balch, head of fixed income EMEA at SMBC Nikko Capital Markets said, “At SMBC Nikko, our driving ambition is to place customers at the centre of everything we do. Mosaic empowers us to deliver a highly personalised service and drives a data-driven culture which future proofs our business. Leveraging the best market leading digital solutions, Mosaic Smart Data’s addition of real time credit analytics became an obvious choice.”