RT Santiment (@santimentfeed)🤩 Thrilled to announce Santiment has been shortlisted for 6 Hedgeweek® Awards 2026!🏆 Global Digital Assets Awards:- Alternative Data Provider of the Year- On-Chain Analytics Provider of the Year- Quantitative Trading Technology Provider of the Year- Solution Provider of the Year: Data and Research🏆 EU Awards:- Quant Technology Solution of the Year- Trading Technology Partner of the YearA huge thank you to our community ❤️🗳️ If our data has helped you, please vote! It just takes ...

RT Santiment (@santimentfeed)🤩 Thrilled to announce Santiment has been shortlisted for 6 Hedgeweek® Awards 2026!🏆 Global Digital Assets Awards:- Alternative Data Provider of the Year- On-Chain Analytics Provider of the Year- Quantitative Trading Technology Provider of the Year- Solution Provider of the Year: Data and Research🏆 EU Awards:- Quant Technology Solution of the Year- Trading Technology Partner of the YearA huge thank you to our community ❤️🗳️ If our data has helped you, please vote! It just takes ...

RT Santiment (@santimentfeed)🤩 Thrilled to announce Santiment has been shortlisted for 6 Hedgeweek® Awards 2026!🏆 Global Digital Assets Awards:- Alternative Data Provider of the Year- On-Chain Analytics Provider of the Year- Quantitative Trading Technology Provider of the Year- Solution Provider of the Year: Data and Research🏆 EU Awards:- Quant Technology Solution of the Year- Trading Technology Partner of the YearA huge thank you to our community ❤️🗳️ If our data has helped you, please vote! It just takes ...

🤩 Thrilled to announce Santiment has been shortlisted for 6 Hedgeweek® Awards 2026!🏆 Global Digital Assets Awards:- Alternative Data Provider of the Year- On-Chain Analytics Provider of the Year- Quantitative Trading Technology Provider of the Year- Solution Provider of the Year: Data and Research🏆 EU Awards:- Quant Technology Solution of the Year- Trading Technology Partner of the YearA huge thank you to our community ❤️🗳️ If our data has helped you, please vote! It just takes a minute.👉 Vote Global: https ...

Northern Trust Conference Call Summary Company Overview - **Company**: Northern Trust (NasdaqGS:NTRS) - **Industry**: Asset Management and Wealth Management - **Key Executives**: David Fox (CFO), Michael Hunstad (President of Northern Trust Asset Management) Key Points Asset Management Business - Northern Trust is a significant player in the asset management industry, with **$1.4 trillion** in total assets under management, and **$18 trillion** in assets under custody, placing it in the "trillion-dollar club" of asset managers [2][3] - The company has a diverse asset management portfolio, with **40%** of assets in active management, including a robust alternatives business under the brand **50 South Capital** [3][4] - Northern Trust is recognized as one of the top three tax-advantaged equity firms globally, with a **35-year track record** [4] - The firm has a strong technology stack, leveraging AI and alternative data in its investment strategies, including a **$50 billion** quantitative strategies business [4][17] Growth Strategies - Northern Trust plans to focus on growth areas such as **ETFs**, alternatives, and custom SMAs, with expectations of **double-digit growth** in these segments [9][10] - The company launched **11 new ETFs** in 2025, including innovative products aimed at providing cash flow streams without locking assets [10] - The firm has seen significant fundraising growth in alternatives, increasing by **2.5 times year-over-year** [10] Innovation and Technology - Northern Trust emphasizes the importance of innovation and speed in product launches, having restructured its ETF platform to enhance responsiveness [13][14] - The company has invested in AI capabilities, rolling out tools like **Copilot** for employees to enhance productivity and efficiency [40][41] - AI is being utilized for various applications, including document digitization and client prospecting, with a backlog of **150 use cases** identified [40][41] Financial Performance and Outlook - Northern Trust has set medium-term targets for profitability, aiming for a **33% pre-tax margin** and focusing on a business mix that favors wealth and asset management [28][29] - The company is positioned to benefit from a higher interest rate environment, with strategies in place to manage deposit pricing and asset repricing effectively [30][32] - The firm is cautious about potential risks to net interest income (NII), primarily focusing on business growth and deposit stability [35] Strategic Priorities - The creation of a COO function has centralized best practices and improved operational efficiency, contributing to growth and productivity [20][21] - Northern Trust is focusing on expanding its family office solutions, targeting high-net-worth individuals and replicating successful models in key markets [51][52] - The company is exploring inorganic growth opportunities, particularly in asset management and wealth, while maintaining a disciplined approach to acquisitions [64][65] Tokenization and Market Trends - Northern Trust has launched its first tokenized share class for a treasury-only fund, responding to client demand for more tradable and collateralizable assets [48][49] - The firm is building infrastructure to accommodate tokenized assets, ensuring it remains competitive in the evolving market landscape [50] International Growth - Northern Trust is expanding its presence in Europe and the Middle East, leveraging its asset servicing capabilities for family office clients [59] - The company has established an office in Singapore to capture opportunities in the Asian market, although family office growth there is still developing [60] Conclusion Northern Trust is strategically positioned for growth in the asset management and wealth management sectors, leveraging its strong technology, innovative product offerings, and a focus on high-growth areas. The company is committed to enhancing its operational efficiency and expanding its market presence both domestically and internationally.

Core Insights - The alternative lending market in Africa is projected to grow at a compound annual growth rate (CAGR) of 14.8%, reaching a market value of US$4.8 billion by 2025 [1] - The market has experienced robust growth from 2020 to 2024, with a CAGR of 14.7%, and is expected to continue growing at a CAGR of 14.2% from 2025 to 2029, reaching approximately US$8.1 billion by the end of 2029 [2] Market Overview - The report provides a detailed analysis of the alternative lending industry in Africa, covering over 100 key performance indicators (KPIs) such as loan disbursement value, volume, average loan ticket size, and penetration rate [3] - Africa's alternative lending space is evolving with trends such as Buy Now, Pay Later (BNPL) growth, alternative-data underwriting, and institutional capital inflows [4] BNPL and Embedded Credit - The BNPL market in Africa is projected to grow annually, particularly in digitally connected economies, with more merchants integrating installment financing into checkout experiences [5][6] - Regulatory oversight may tighten in response to rising usage and default risks associated with BNPL and embedded credit [6] Alternative Data Utilization - Alternative lenders are increasingly using nontraditional data sources to assess creditworthiness for underbanked segments, including mobile usage and transaction history [7] - Standardization of alternative-data scoring and improved default prediction accuracy are expected, with lenders leveraging proprietary data partnerships to outperform generic models [8] Institutional Capital Inflows - Alternative lending in Africa is attracting institutional capital and private credit lenders seeking higher yields, particularly in fintech-originated credit and SME lending [9] - Partnerships between capital providers and originators are expected to scale credit into various segments, increasing competitive pressure on credit standards and deal transparency [10] Embedded Credit Integration - Alternative credit is being integrated into digital platforms and mobile money ecosystems, which is particularly relevant in markets with strong mobile money usage [11] - The quality of integration and underwriting precision will determine the margin and risk premium on embedded credit [12] Competitive Landscape - The alternative lending landscape in Africa is heterogeneous, with strong incumbents in markets with favorable digital infrastructure, while many participants compete in niche segments [13][14] - Traditional banks still dominate consumer and SME lending, with alternative lenders focusing on underserved segments such as micro loans and embedded credit at point-of-sale [15] Key Players and Market Dynamics - Leading examples include 4G Capital in Kenya, which offers unsecured working capital loans, and Yoco in South Africa, which is expanding its reach among SMEs [21] - New entrants often come from mobile money platforms or fintechs with existing payment relationships, and many alternative lending models are financed through partnerships rather than full acquisitions [21] Regulatory Environment - Regulators in many African countries are beginning to create or update frameworks around fintech lending, focusing on consumer protection and credit risk rules [21] - The forecasted period is expected to see increased regulatory maturity, with more countries defining licensing and supervision for digital lenders [21]

Core Insights - Aurora MoonFox Data participated in the Hubbis Investment Forum Hong Kong 2025, focusing on wealth management and investment opportunities in Greater China and globally [1][2] Group 1: Event Overview - The forum featured a vibrant atmosphere with strong attendance from industry professionals, including investment bankers and asset managers, who showed significant interest in MoonFox's alternative data applications [2] - Key discussions revolved around the use of alternative data for investment research, risk management, and asset allocation, highlighting its relevance in the current market [4][6] Group 2: Key Use Cases of Alternative Data - Fund managers emphasized the importance of high-frequency alternative data, such as app activity and offline brand foot traffic, for early detection of market shifts, allowing timely adjustments in sector allocations [4] - Family office representatives noted that MoonFox's indices for offline store traffic and factory throughput provide real-time operational health monitoring for companies, enabling proactive risk management [6] - Private bankers and analysts discussed how online activity indices can track emerging consumer brands' growth, exemplified by Pop Mart's app activity correlating with revenue growth [6][9] Group 3: Insights from Keynote Speech - Max Ma, Senior Analyst at MoonFox Data, highlighted that China's GDP grew by 4.8% year-on-year in Q3 2025, with AI technology becoming a core driver of economic transformation [8] - The generative AI apps reached 471 million monthly active users in September 2025, marking a 12.4% month-on-month increase, which has intensified competition among platforms [8] - MoonFox's alternative data tracks extensive app usage and offline activities, providing investors with insights to anticipate industry trends and validate company fundamentals [9][10] Group 4: Future Outlook - MoonFox Data aims to deepen its presence in the Chinese market, offering forward-looking data solutions to help global investors capitalize on new opportunities in China's evolving economic landscape [12]

Core Insights - MoonFox Data, a subsidiary of Aurora Mobile, has launched its Financial Alternative Data Solution to enhance investment decision-making efficiency and accuracy by providing real-time, precise data support [1][12]. Investment Analysis Pain Points - Investment institutions face challenges such as delayed performance forecasting due to a 1–1.5 month information lag, which complicates revenue predictions for listed companies [2]. - Limited data coverage restricts research and consulting institutions to either online or offline data, hindering comprehensive evaluations of corporate operations and industry competition [2]. - Private equity and venture capital firms struggle to validate data-financial linkages, making it difficult to assess enterprise value and investment potential [2]. - Identifying high-growth sectors is challenging for investment institutions, risking missed investment opportunities [2]. Application Scenarios - The solution supports earnings forecasting for public companies, allowing funds and investment banks to predict revenues ahead of earnings releases by integrating various data sources [3]. - Real-time corporate performance monitoring is available for all investment institutions, enabling them to track operational dynamics and identify performance risks or growth signals [8][14]. - Subsector opportunity discovery assists VC/PE and research institutions in rapidly identifying high-growth sectors and screening for top-performing targets [9][15]. - Competitive benchmarking allows corporate strategy and research teams to compare operational performance across multiple companies within an industry [10][16]. Compliance and Data Coverage - MoonFox Financial Alternative Data complies with industry-leading data security and privacy standards, offering historical data tracing since 2019 and flexible output granularity [11]. - The platform covers over 300 listed companies and more than 1,000 brands across A-shares, Hong Kong, and US markets, serving clients like BlackRock and Goldman Sachs [12].

Employment Data Analysis - ADP preliminary report indicates a decrease of 11,000 in the 4-week moving average of private sector job creation [1] - This equates to a month-on-month decrease of approximately 44,000 to 45,000 jobs [2] - The index of average weekly job growth over the four-week period ending October 25th is down by 11,000, contrasting with the previous month's increase of 42,000, suggesting a weakening trend in October [3] - The data is consistent with a "low fire, low hire" economy [6] Small Business Sentiment - The NFIB small business optimism index fell by 0.6% to 98.2%, the lowest since April, but still above the long-term average [4] - Plans to increase hiring among small businesses decreased by 1 percentage point to 15% [4] - "Trouble with labor quality" increased by 9 percentage points to 27%, the highest since the pandemic [5] - Unfilled job openings remained unchanged, at the lowest level since the pandemic [5] Government Data and Alternative Data - The September government jobs and CPI reports are expected to be released several days after the government shutdown ends [8][9] - October data may be incomplete or unavailable due to the shutdown [9] - Alternative data may provide a more contemporary and potentially better understanding of the economy than government data, especially in light of potential inaccuracies caused by the shutdown [14][15][19]

Truflation being accepted and displayed on Bloomberg Terminals feels like a seminal moment.Everyone knows the legacy government data is inaccurate, but no one wants to explicitly say it.Including the alternative, real-time data is next best thing for incumbents to do.Truflation (@truflation):We are proud to announce that Truflation’s U.S. Inflation and Truflation PCE Indexes are now officially displayed on @Bloomberg’s solution for alternative economic index worksheets on the Bloomberg Terminal, which is tr ...