Bright Data - a global provider of proxy network and web data collection solutions - has updated its services for fintech companies and trading firms.
-- Following the updates, clients in the financial services sector - - including hedge funds, venture capitalists, and investment firms - can turn to Bright Data to access high-quality datasets tailored to their areas of specialism. They can take advantage of real-time data collection, API integrations, and customized web scraping to optimize portfolio performance, reduce investment risk, and increase transaction efficiency.
More details can be found at https://get.brightdata.com/skyag-proxy-types
Bright Data’s solutions give clients access to a vast global community of proxy networks, helping them address some of the recurring security concerns of fintech firms, particularly those with remote workers. By making the client’s genuine IP address invisible, the system prevents hackers from infiltrating networks and stealing sensitive data.
“Bright Data manages data for over 15,000 organizations around the world. We understand that our customers expect us to protect their data with the highest standards and are committed to providing them with a highly secure and reliable environment,” a spokesperson says.
The Bright Data proxy network also ensures that users can collect data on a large scale without fear of getting blocked. The team believes that these faster and more reliable web connections can prove crucial for timely and precise trade execution and transactions.
Common fintech use cases for the company’s data collection services include quantitative trading. Bright Data clients can easily access real-time or historical price and market data and apply quantitative models and algorithms to monitor trends, price fluctuations, and trading volumes.
The solutions can be applied to risk management scenarios as well. As the company explains, businesses can “use datasets to assess the risk associated with trading and investment activities. Analyze factors such as volatility, credit risk, and counterparty risk to monitor and mitigate potential threats to your portfolios.”
The scale and quality of accessible information made possible by Bright Data allows financial sector clients to gather and process large amounts of data from various sources. For example, data can be scraped from news articles, social media, web traffic statistics, and satellite imagery to identify and anticipate changes in consumer behavior, evolving trends, and market sentiment.
Datasets can be customized but Bright Data members also have the option to access and filter pre-existing databases, streamlining the process and reducing costs.
All data is ethically acquired and fully compliant with international guidelines such as GDPR, CCPA, FINRA, and other industry-specific regulations.
For more information, interested parties can go to https://bit.ly/3Dd7Ti2
Contact Info:
Name: Bright Data Support
Email: Send Email
Organization: Bright Data
Address: 500 7th Ave, 9th Floor Office 9A1234, New York, New York 10018, United States
Website: https://bit.ly/3Dd7Ti2
Source: PressCable
Release ID: 89152486
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