Societe Generale has agreed to allow Netflix-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.
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.