The latest technology news in the wealth management sector from around the world.

LSEG, Bank Of America, Standard Chartered 
London Stock Exchange Group (LSEG), which is being urged by activist investors to repurchase £5 billion ($6.8 billion) of shares, has scored two notable bank client wins this week. 

LSEG has announced multi-year partnerships with Standard Chartered and Bank of America.

In the deal with Bank of America – which provides private banking and wealth management among its range of services, LSEG’s data, analytics and workflow capabilities will be made available across the bank’s platforms.

The multi-year collaboration with Standard Chartered enables the UK-listed bank to adopt LSEG’s multi-asset class data, news and analytics.

Model-as-a-Service
Yesterday, LSEG said it has launched Model-as-a-Service (MaaS), a capability that enables financial institutions to host, distribute and analyse models through a secure and governed marketplace.

French banking group Societe Generale has joined the marketplace as a provider of advanced analytical models, making a set of its flagship datasets and analytics available to both firms’ clients.

Seven of Societe Generale’s datasets and analytics will be available via LSEG’s model marketplace, covering fixed income, foreign exchange, environmental, social and governance data, and equities.

MaaS is provided by LSEG through its partnership with Microsoft.

An article in Bloomerg, Reuters and other outlets said that Elliott Investment Management, a prominent shareholder activist firm, wants LSEG review its portfolio and pursue a £5 billion share buyback over the next 12 months. Elliott would like LSEG to improve its efforts to educate investors on how it could be a beneficiary of AI, with the idea that its sticky data business would actually see more demand from AI applications while its markets unit is largely immune, Bloomberg, citing unnamed sources, said.