In an exciting development for early-stage FinTech startups globally, Fintech Sandbox announced a significant expansion of its data access offerings.
The nonprofit organization, which is dedicated to fostering innovation in the fintech sector, is welcoming two new data partners to its fold: MT Newswires and Polygon. The expansion also includes the addition of new datasets from six of its existing partners, including Benzinga, Dow Jones, FactSet, Moody’s, Nasdaq Data Link and Plaid, enhancing the support provided to startups through its Data Access Residency program.
Fintech Sandbox, founded ten years ago, aims to address the challenges of high data costs and accessibility for FinTech startups. Kelly Fryer, Executive Director of Fintech Sandbox, expressed her excitement about the new partnerships and gratitude for the continued support of existing partners. “We are extremely pleased to welcome our new data partners and grateful to our existing partners for supporting our efforts. Together, we are advancing financial innovation, expanding access to data, providing critical product infrastructure, and building a leading community of entrepreneurs that is propelling the industry and economy forward.”
The addition of MT Newswires and Polygon brings the total number of dedicated data partners to 41. These partners are collectively offering their premium datasets for free to startups participating in the Data Access Residency, fueling cutting-edge financial innovations.
Brooks McFeely, Founder and CEO of MT Newswires, highlighted the importance of providing real-time information across multiple asset classes to help startups develop next-generation applications and solutions. Similarly, Jack Bell, Head of Business Development at Polygon, highlighted their commitment to simplifying access and removing barriers to creating cutting-edge technologies.
MT Newswires will provide startups with access to its Live Briefs Investor US & Canada dataset, covering thousands of listed stocks and events across 90 news categories. The service aims to keep investors up-to-date on the latest news affecting their portfolios. Polygon, meanwhile, will offer data on US stocks, options, indices and currencies, including real-time values and historical information.
Since its inception in 2014, Fintech Sandbox has been instrumental in advancing financial innovation by providing free access to world-class data, educational resources, and resources to promising FinTech entrepreneurs. In 2023 alone, the organization has welcomed 51 new startups from four continents, facilitated over 145 connections between its startups and data partners, and expanded its reach to three new countries: Albania, Ghana, and Kuwait. Fintech Sandbox continues to build a global community of entrepreneurs, industry leaders, and investors dedicated to innovation in the FinTech sector.
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