Databricks & LSEG Team Up for Faster Financial Data Analysis
Databricks and the London Stock Exchange Group (LSEG) have joined forces to offer LSEG's financial data directly on the Delta Sharing platform within Databricks. This partnership aims to speed up data analysis processes for financial institutions while enhancing quality, efficiency, and compliance.
The collaboration has made LSEG's datasets, initially featuring Lipper Fund Data & Analytics and Cross Asset Analytics, accessible via Delta Sharing in the Databricks Marketplace. Delta Sharing facilitates secure live data sharing across platforms, eliminating the need for complex pipelines.
Financial institutions like Commerzbank and BNP Paribas have already gained direct access to LSEG financial data through this platform. The data includes Lipper Fund Data & Analytics, Cross Asset Analytics, historical data, and upcoming data on prices, reference data, Starmine models, fundamentals, forecasts, economic data, and tick history. Other institutions such as the Sparkassen are currently observing.
With Agent Bricks, finance teams on Databricks can develop AI agents that integrate corporate data with LSEG data for investment analysis, risk management, or trading workflows.
The Databricks-LSEG partnership provides finance teams with access to trusted, AI-ready data, enabling them to create real-time analytics, risk assessments, and trading workflows more efficiently. This collaboration is set to transform data-driven decision-making in the financial sector.
