LSEG and Bank of America today announced a multi-year partnership that will make LSEG’s data, analytics and workflow capabilities available across Bank of America’s platforms.

The collaboration enhances Bank of America’s client proposition by making it easier and faster for clients to access trusted data, analyse markets more quickly, and uncover insights that support more confident decision making. The partnership will empower clients to uncover deeper insights and act on trusted, actionable intelligence. Under the agreement, LSEG’s data and analytics solutions will be integrated across key areas of Bank of America’s business.

By providing governed access to high quality, rights cleared content, the partnership enables Bank of America to deliver tools that help clients analyse complex market conditions, interpret trends and make well informed decisions with confidence. LSEG will also supply AI ready content to accelerate analysis and enhance insight generation across client workflows.

The partnership provides Bank of America with access to LSEG’s integrated 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.

Fernando Vicario, CEO of Merrill Lynch International and UK Country Executive at Bank of America, said:

“Trusted, high quality data is essential to how we support clients and manage risk. Partnering with LSEG provides a unified, governed source of intelligence that strengthens our solutions, empowers client decision making and enhances how we innovate and execute. Integrating LSEG’s capabilities across our workflows will enable faster insight generation and a more seamless experience for our clients.”

Gianluca Biagini, Group Co-Head, Data & Analytics, LSEG, said:

“By powering Bank of America’s ecosystem with our analytics and workflows, including LSEG Workspace, we are supporting the bank’s transformation ambitions while strengthening governance and risk management. This will equip Bank of America with the trusted data needed to deliver deeper insights, streamline decision making and drive new value across client workflows.”

The new capabilities enabled by this partnership will bring significant value across Bank of America’s business propositions from advisory and investment workflows to trading, risk oversight and regulatory processes. By drawing on a unified framework of governed, high quality data, Bank of America will be delivering consistent and insight rich solutions for clients across a wide range of use cases.