LSEG Signs Multi-Year Deals with Two Banks

LSEG has announced a multi-year collaboration with Standard Chartered that will enable the bank to adopt LSEG’s multi-asset class data, news and analytics at enterprise scale, with consistent rights management and delivery. The firm has also signed a similar deal with Bank of America that will make its data, analytics and workflow capabilities available across Bank of America’s platforms.

LSEG says the agreement with StanChart consolidates the bank’s market-data access, improves catalogue and lineage, and streamlines governance and entitlements. Mark Price, COO, Corporate & Investment Banking at Standard Chartered, says, “This agreement gives our teams a single, governed pathway to high-quality multi-asset class content. Consolidating access and entitlements will help us simplify our data landscape, enhance controls and deliver new client value, faster.”

The Bank of America deal, LSEG says, will see it also supply AI-ready content to accelerate analysis and enhance insight generation across client workflows. Bank of America also gets access to LSEG’s workflow solutions, led by LSEG Workspace and complemented by APIs and enterprise platforms. At the same time, integrating LSEG’s World Check risk intelligence data will reinforce the consistency and reliability of Bank of America’s compliance, screening and monitoring processes across markets and jurisdictions.