In line with its commitment to improving the customer experience through technology and relentless innovation, MSCI Inc. has announced a strategic alliance with Google Cloud to build A cloud-native investment data capture and development platform that provides data, insights and solutions to support better and faster investment decisions.
Built natively in Google Cloud, the investment profile platform will help MSCI build solutions to better serve its clients, including asset managers, asset owners, banks, corporates, insurance companies and wealth managers.
MSCI uses Google Cloud’s artificial intelligence (AI) and natural language processing (NLP) technologies, as well as advanced analytical tools such as BigQuery , VertexAI and Document AI , designed to help MSCI capture, absorb and process structured data at an unprecedented scale and speed and unstructured data. MSCI will have a consistent profile, making it easier to innovate solution suites and quickly unlock new insights.
In addition, Google Cloud will provide MSCI with geospatial analysis tools such as Earth Engine and BigQuery Geospatial to help quantify physical and transitional climate risk indicators for securities, geography and markets. The integration of geospatial data into MSCI products and solutions is designed to enable investors to more accurately and efficiently model climate risk by location, enabling more informed analysis, forecasting and decision-making.
MSCI Chairman and CEO Henry Fernandez said: “Data in the investment industry is growing exponentially. In today’s fast-moving world, investors need the ability to analyze new and alternative sources of data to remain competitive and informed, assess Changing investment challenges and opportunities, separating the noise and improving operational efficiency.”
He added: “The new alliance will support MSCI’s world-class solutions that help our clients quickly transform data into relevant and actionable insights across asset classes and issues such as climate risk. Google Cloud and MSCI are equally committed to advancing data measurement and standardization, and we look forward to working with them as they continue to help solve key investor challenges.”
“Google Cloud has a unique strategy for helping customers gain insights from their own data,” said Google Cloud CEO Thomas Kurian. “We enable customers to analyze structured and unstructured data in a single Unifying machine learning into a single platform. Our partnership with MSCI will enable it to build a smart cloud-native data platform that improves the way its clients make investment decisions.”
Jigar Thakkar, MSCI Chief Technology Officer, said: “We are excited to partner with Google Cloud to create a best-in-class AI and NLP-driven investment data platform, which will help our research teams accelerate the ability to build analytical products to power financial markets. Combined Our broader set of technology initiatives, this action represents a new step in our mission to help our clients align their portfolios with their investment goals through relevant data and advanced technology.”
