Detroit-based Benzinga, a financial news vendor to North American brokerages, has announced partnerships with global companies that it said will create new offerings for users and bolster its presence in FinTech awards.
The company has announced it will partner with Bamboo, a digital investment platform based in Nigeria that provides real-time access to buy, hold, or sell stocks in the American markets.
Bamboo offers a desktop platform and mobile app that provides access to more than 3,000 stocks listed on the U.S. stock exchanges. The company will be receiving Benzinga’s “Why Is It Moving?” (WIIM) feature, which offers a one-sentence reason a stock is trading higher or lower on any given day.
“Bamboo’s platform is making trading and investing quick, easy, and fun,” says Luke Jacobi, editor at Benzinga. “With the licensing of WIIM, we hope to make the user experience on Bamboo’s platform even better.”
“Bamboo aims to democratize access to investing for Africans everywhere,” says Richmond Bassey, CEO of Bamboo. “Many of our users are new to U.S. equity investments, and WIIMs provides quick and digestible explanations to help inform trading decisions.”
In related news, Benzinga has also partnered with Envestnet | Yodlee, a data aggregation and analytics platform designed to enable innovation and insights for financial service providers. Envestnet partners with more than 1,300 financial institutions and FinTechs and has been in business for more than 20 years.
The Envestnet announcement comes ahead of the annual Benzinga Global FinTech Awards, a day of networking and recognition in the financial technology space.
In partnership with Benzinga, Envestnet will offer sponsorship and recognition of innovators that create positive and diverse change in the financial services space at the 2020 Global FinTech Awards.
Benzinga and Envestnet will nominate for the following award categories:
- Alternative data
- Digital banking
- Insuretech, or the convergence of artificial intelligence and data analytics in providing insurance solutions
- Institutions that offer mentorship and experiences for finance solutions
- Investing solutions
- Lending technology
- Payment platforms
The companies will also acknowledge excellence in innovation amidst challenges resulting from the COVID-19 pandemic. The category includes nominations for innovation during COVID-19 and a crowd favorite.
Envestnet will also award its second annual FinTech Innovation Achievement for excellence in the following categories:
- Most Innovative Financial Institution
- Most Innovative FinTech Startup
- Best FinTech Ecosystem Partner
“From startups to well-funded FinTechs, banks, and Fortune 500 companies, we are committed to fostering an ecosystem for success despite these challenging times,” says Christine Loredo, vice president of evangelism at Envestnet. “We know that innovators in our ecosystem are keenly aware of the need for creative financial wellness solutions, and we want to do all that we can to help them keep up the momentum. This partnership with Benzinga helps companies build a launchpad for further success.”
Benzinga is a financial media company dedicated to making information easier to consume. Its content is syndicated to 70 partner websites including Yahoo!, Finance MSN, CNNMoney, Fox Business, and MarketWatch.
Envestnet | Yodlee is based in California with offices in India, Australia, and the United Kingdom.