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Follow on Google News | Outsell Research: In Financial Solutions Market, It’s More Than a Battle of Financial DesktopsNew report discusses Bloomberg L.P., Thomson Reuters Financial & Risk, and McGraw Hill Financial’s S&P business
By: Outsell, Inc. Because the big three capture over 43.6% of the financial research and analytics segment, understanding the growth and challenges of these players is critical in assessing the health of the financial information market, estimated to be almost $43 billion in 2014. Compliance is becoming a hard pill to swallow for financial solution providers. This is driven by the complexity of today’s dynamic regulatory environment. A paradox exists in the realm of financial compliance: Financial technology innovation is outpacing regulators’ ability to keep up, while financial solution providers find it hard to keep up with all the resulting legislations. Regulators have been tightening the grip on financial institutions since the economic meltdown, and new legislations such as The Dodd-Frank Act and the resulting Volcker Rule are mandating that these firms to end their risky practices at the expense of their clients. The big three are instrumental in this compliance movement. “Financial desktop providers must enable solution versatility,” For media inquiries, please contact Derek Beckwith, Warner Communications, at derek@warnerpr.com, or call +1 978-922-0818. For more information about this report, please contact Srini Gomatam at info@outsellinc.com, or call +1 650-342-6060. About Outsell, Inc. Outsell, Inc. (http://www.outsellinc.com/) End
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