The suite of APIs combines Morningstar's IP with powerful
front-end functionality, empowering firms to innovate their digital
investment capabilities
CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Morningstar,
Inc. (Nasdaq: MORN), a leading provider of independent
investment insights, today announced the launch of Direct Web
Services, a collection of application programming interfaces (APIs)
that packages Morningstar's data, research, and calculation engines
for financial services firms to use in their own digital solutions.
Direct Web Services is complemented by a newly created global
network of certified partners to seamlessly integrate API
functionality for firms developing sophisticated websites and
applications.
The suite of API offerings in Direct Web Services is designed to
return display-ready content that can be easily integrated to power
front-end applications. With these tools, firms can better support
investment research and portfolio analysis activities, leverage
generative artificial intelligence in their user experience, assess
an investor's preferences or appetite for risk, and more. Moreover,
the integration of Direct Web Services' APIs enables firms to
elevate their brands with differentiated and engaging experiences
for clients.
"As the shift toward virtual engagement continues in the
financial services sector, it's critical that firms adapt their
approach to client interaction," said Marc
DeMoss, head of research products at Morningstar. "Direct
Web Services delivers efficient and meaningful digital client
experiences with no back-end work needed. Our goal is to join
Morningstar's data and research with value-additive functionality –
including our established generative AI engine – enabling firms to
build powerful front-end solutions in a light-touch way."
Among the APIs offered through Direct Web Services is the
Intelligence Engine API, which debuted in September and is the
set of generative AI building blocks on which the Morningstar
chatbot known as "Mo" is built. Other capabilities offered by
Direct Web Services include the Portfolio Analysis X-Ray and Risk
Score functionality, portfolio comparison tools, fund screening,
editorial summarization, sustainability screener, and more.
Direct Web Services comes with a global implementation network
so firms can partner with an expert to incorporate these
capabilities into their own applications if they don't have the
user interface development capability internally. The Morningstar
Service Delivery Partner Program currently includes ten firms that
are experienced in developing innovative digital experiences that
maximize and augment the value of Direct Web Services APIs:
- Auxality simplifies financial data management, enhancing
transparency and compliance through SaaS solutions (EMEA).
- Data Front provides a cloud-native platform that
simplifies the customization and automation of digital fund
reporting, creating efficiencies throughout the process
(North America).
- Expero delivers comprehensive digital
transformation services and an AI analytics platform for rapid data
integration and visualization (North
America and Europe).
- FinFiles is focused on addressing the
challenges firms face when managing information about investment
funds, ETFs, and structured products
(EMEA).
- Instinct Digital is a cloud-based platform
that redefines how asset managers engage their clients, delivering
streamlined and automated fund and investor reporting
(EMEA).
- Integrella simplifies IT complexities by
translating ideas into code and building engaging experiences for
clients (EMEA).
- Invent is a cloud-native super app platform
that enables financial services firms to bring together systems and
workflows such as CRM, reporting, investment
analytics, and more into one unified application (North America).
- Itech Choice modernizes technologies across mobile
and web application development, business intelligence, business
process automation, and enterprise applications integration
(APAC).
- Solution2Enterprises supports firms within
the fintech, insurtech, and cybersecurity
industries, leveraging its expertise in AI and cloud services
(EMEA).
- Systemweb delivers an enterprise solution
ecosystem with an embedded digital finance team to create dynamic
digital wealth management experiences (APAC).
Learn more about Direct Web Services here. To learn more about
the Morningstar Service Delivery Partner Program and to find a
partner, click here.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent
investment insights in North
America, Europe,
Australia, and Asia. The Company offers an extensive line of
products and services for individual investors, financial advisors,
asset managers and owners, retirement plan providers and sponsors,
and institutional investors in the debt and private capital
markets. Morningstar provides data and research insights on a wide
range of investment offerings, including managed investment
products, publicly listed companies, private capital markets, debt
securities, and real-time global market data. Morningstar also
offers investment management services through its investment
advisory subsidiaries, with approximately $264 billion in
assets under advisement and management as of Sept. 30, 2023. The Company operates through
wholly- or majority-owned subsidiaries in 32 countries. For
more information, visit www.morningstar.com/company. Follow
Morningstar on X @MorningstarInc.
©2023 Morningstar, Inc. All Rights Reserved.
MORN-P
Media Contact:
Michael
Claussen, +1 630 640-1902
or michael.claussen@morningstar.com
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SOURCE Morningstar, Inc.