Home Tech Google launches Datashare to help manage financial services data

Google launches Datashare to help manage financial services data

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At the Google Cloud Financial Services Summit today, Google unveiled Datashare for financial services, a new product designed to help organize third-party data from market data publishers like exchanges and other providers, as well as data consumers — including investment banks, asset managers, and hedge funds. Google says Datashare, which is built on Google Cloud analytics services like BigQuery and leverages the recently announced Analytics Hub, is designed to let publishers and consumers share market data more easily and securely.

The proliferation of data in financial services has created a need for streamlined information-sharing options. In particular, data consumers need tools that allow them to be nimble with data without having to invest in costly infrastructure. According to an IBM executive survey, 71% of banking and financial markets firms report that the…

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