Societe Generale has agreed to allow Singapore-based fintech company Smartkarma to provide its institutional customers with independent, aggregated Asian equity research, in a first-of-its kind agreement. The deal is the first of its kind, and will see Smartkarma’s research products integrated into an existing FinTech platform that provides access for clients across Asia Pacific markets. A regulatory shake-up means banks will be forced to pay for information instead of offering trading commissions.
Societe Generale has agreed to allow Singapore-based fintech company Smartkarma to provide its institutional customers with independent, aggregated Asian equity research, in a first-of-its kind agreement. The deal will offer the chance for Societe Generale's customers to search for specific investor research, something the French bank does not currently provide. A regulatory shake-up means banks will be forced to pay for information instead of offering trading commissions.