LSEG Refinitiv, a global financial data leader, has formed a strategic partnership with AI startup Waiker to revolutionize SaaS solutions in the global financial data market.

Refinitiv, acquired by the London Stock Exchange Group for $27 billion in 2021, serves over 40,000 financial institutions with annual revenue of $6.25 billion. The company employs approximately 20,000 people worldwide, specializing in financial data processing and analysis.

Waiker has distinguished itself by addressing long-standing UX/UI challenges in stock market data services, processing data for over 70,000 listed stocks across 12 nations. The partnership will focus on developing integrated services for global stock data digital transformation, SaaS solutions, and AI applications, leveraging LSEG Refinitiv’s extensive financial institutional network.

“Waiker’s real-time stock market data processing technology and AI capabilities have proven their global potential,” said Kim Seok-jun, CEO of Refinitiv Korea. “We anticipate co-innovation in the data industry, which is fundamental to finance.”

Elvin Hwang, Waiker’s CEO, emphasized the partnership’s significance: “We will leverage Refinitiv’s 170-year history, global network of 40,000 financial institutions, and comprehensive data resources to accelerate our global expansion and drive mutual growth.”