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. Its work 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 WM Datenservice's products or processes. The lab works with the company's business development and strategy teams.
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 that work.
WM Datenservice
WM Datenservice (in German) has provided financial information since 1947. WM Datenservice's data 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 for WKN and ISIN identifiers. WM InnoLab develops new ideas alongside these existing services.