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Future tech

Oddup, Amareos add apps to Thomson Reuters’ App Studio to track Asian start-ups, sentiments

Two Hong Kong fintech start-ups become the first Asian apps to be added to the Eikon App Studio

PUBLISHED : Tuesday, 23 August, 2016, 3:05pm
UPDATED : Wednesday, 24 August, 2016, 2:53pm

Two Hong Kong financial technology (fintech) start-ups have become the first Asian apps to be added to the Thomson Reuters Eikon financial data platform’s App Studio, for use by global users.

Ratings firm Oddup and market sentiment analysis company Amareos, which gives investors insight into the psychological state of global markets, have both been launched for Eikon users through its third-party app service, App Studio.

“Our aim is to equip the Thomson Reuters Eikon community with insights on startups” said James Giancotti, chief executive officer of Oddup.

“Making an informed decision is critical when it comes to start-up investing. By integrating with Thomson Reuters data on public listed companies, Eikon now has reliable data and detailed analysis on start-ups.”

Giancotti said the partnership with Thomson Reuters will allow Oddup to reach angel investors, private bankers, private equity or venture capital investors, investment banks, or simply savvy investors with a passion for start-ups.

Making an informed decision is critical when it comes to start-up investing. By integrating with Thomson Reuters data on public listed companies, Eikon now has reliable data and detailed analysis on start-ups
James Giancotti, chief executive officer of Oddup

Oddup has rated more than 1,500 start-ups across Asia, including the top 150 in Hong Kong, Giancotti said. There are a total of 20,000 start-ups listed on Oddup and it has a waiting list of 4,800 that have requested a rating.

Using its “Oddup Score”, start-ups are rated out of 100 on factors, it can be used to compare it with a publicly listed firm as well as providing investors insight into the growing Asian start-up scene.

“The new apps mark our first significant step towards engaging with third-party fintech developers in Asia. We hope it to drive innovation and create unique, differentiated content for Eikon users,” said James Mirfin, managing director, financial and risk for north Asia at Thomson Reuters.

“By combining our company’s technology and data with Amareos’ and Oddup’s apps and expertise, clients will benefit have more choice and knowledge to help them make more informed decisions.”

Amareos uses artificial intelligence to analyse more than two million articles, blogs and social media posts to create visualisations to help investors understand market sentiment across asset classes.

Its indicators include fear, joy and anger, offering an insight into the psychological state of global markets. It can also show how investors view a country at any particular moment.

“Making our product available to 150,000 users globally is a key milestone for Amareos, in positioning

ourselves as the definitive, industry-standard sentiment analysts and visualisation provider for measuring the emotions of countries, commodities, currencies and companies,” said Philippe El-Asmar, its co-founder and chief executive officer.

Amareos is not the first to analyse social media for market sentiment on Eikon, after Thomson Reuters added Twitter sentiment analysis to the platform in 2014.

This article has been amended to add “Thomson” in the headline.