On the heels of Envestnet's multimillion-dollar acquisition of big data hub Yodlee, three banking giants are reportedly planning to jointly build a data management company.

A tie-up between J.P. Morgan Chase, Goldman Sachs and Morgan Stanley to launch SPReD, a business focused on data management, underscores again the value that banks and wealth management firms now perceive in analyzing and controlling real-time transactional data.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access