WM InnoLab
WM InnoLab is the innovation unit of WM Datenservice, a provider of financial information used to process securities. The lab develops financial data products and methods using technology and academic research. WM InnoLab examines how institutions can obtain reliable, structured information from sources that are difficult to process automatically.
Financial institutions need usable data for securities operations, but some information arrives in documents that require manual work. At WM Datenservice, the lab tests AI-assisted data extraction and blockchain-based approaches with financial and technology partners. The purpose is to improve how institutions obtain and use data in their existing workflows.
Testing ideas for financial data products
WM InnoLab gives new business ideas room to be tested before they become part of products or processes at WM Datenservice. The lab works with the business development and strategy teams at WM Datenservice.
The work starts with the needs of financial institutions: which data they need, how they use it and where a new method could improve an existing process. Technology and academic research support WM InnoLab in testing these ideas.
WM Datenservice
WM Datenservice (in German) has provided financial information since 1947. Data from WM Datenservice supports the processing of securities throughout their lifecycle.
The product range (in German) includes securities reference data and corporate actions, MiFID II target-market and cost data, and fund prices. Issuers can also apply to WM Datenservice for WKN and ISIN identifiers. WM InnoLab develops new financial data product ideas alongside these existing services.