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Thomson Reuters Mona Vernon CTO, Thomson Reuters Labs @monavernon.

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Presentation on theme: "Thomson Reuters Mona Vernon CTO, Thomson Reuters Labs @monavernon."— Presentation transcript:

1 Thomson Reuters Mona Vernon CTO, Thomson Reuters Labs @monavernon

2 THOMSON REUTERS: WHO WE ARE
We provide the information, technology and human expertise you need to find trusted answers. We empower customers to act with confidence in a complex world, helping them to make the decisions that matter most. Financial & Risk LEGAL Tax & Accounting $6.5 Billion $3.4 Billion $1.4 Billion Delivering critical news, information and analytics, enabling transactions – connecting communities of financial and corporate professionals Unrivaled legal solutions that integrate content, expertise, and technologies Powerful tax and accounting solutions to make your work easier, faster, and more profitable

3 Our Business: Financial, Risk, Legal, Tax and Accounting
Delivering the tools, platforms, services, news and content to enable our customers to act quickly, discover more opportunities and make crucial decisions with confidence. KEY SOLUTIONS AND PRODUCTS TYPE OF PRODUCT/SERVICE TARGET CUSTOMERS Thomson Reuters Eikon® Desktop and mobile access to trusted news, data, analytics, trading connectivity and collaboration tools for the financial community. Investment bankers/professionals, portfolio/wealth managers, economists, private equity professionals, traders, brokers, corporate treasurers, financial analysts Customer and Third-Party Risk: Thomson Reuters World-Check® Information, software and managed services that enable organizations to understand who they are doing business with, be more transparent and manage reputational and financial risk. Compliance and risk management professionals, MLROs, general counsels, supply chain and procurement managers, business leaders Thomson Reuters Canada Legal Legal, regulatory and compliance information-based products and services offering authoritative content, powerful search functionality and research organization, team collaboration features, and navigation tools to find and share specific points of law and search for analytical commentary. Layers, Law firms and corporate legal professionals Checkpoint® An online research platform integrating information, expert guidance and workflow tools for continuing professional education and training. Professionals in private companies, public companies, small to large accounting firms ONESOURCE® A wide range of software and services that integrates global tax compliance software with local tax tools; it manages the entire tax workflow, including global trade flows for medium and large corporations. CFOs and key tax and accounting executives Thomson Reuters: The Answer Company

4 Thomson Reuters History
A Canadian company with global reach 1930s Thomson newspapers begin in Canada. Roy Thomson acquires first newspaper – The Timmins Press, Ontario 1990s Thomson acquires West Publishing (legal) 2003 Thomson sells its last newspaper Thomson Corporation goes public 2002 Reuters FOUNDED OVER 165 years ago Thomson Corporation buys Reuters Group to form Thomson Reuters 2008 1980s Reuters innovates with video terminals 1990s The first international computerized matching service for foreign exchange rates The new Reuters Trading for Fixed Income and Trading for Foreign Exchange shake the industry 2005 1880s Reuters starts reporting from Canada Numbers still to come. Thomson Reuters: The Answer Company

5 The Thomson Reuters Technology Team
Our global group brings together nearly 12,300 employees and approximately $3.3 billion of our total operating expense across nearly 200 locations. Our data and content have powered industries for 150 years and our technology is how we deliver it to our customers. Below is our Canadian footprint: Thomson Reuters Canadian Footprint Toronto Technology Centre 400 new technology jobs by the end of 2018 and up to 1,500 jobs total Center for Cognitive Computing TR Global Center for Cognitive Computing is located at the Tech Centre Thomson Reuters Labs - Waterloo Region Thomson Reuters Labs collaborate with customers, entrepreneurs and academics to rapidly prototype and validate new solutions Thomson Reuters: The Answer Company

6 The Thomson Reuters Technology Story
Our data and content have powered industries for 150 years. We enable business professionals to make faster, more informed decisions by delivering trusted, relevant, integrated information across platforms and global markets. Our technology is what delivers it to our customers. Financial & Risk Tax & Accounting Legal Thomson Reuters Technology Priorities AI / COGNITIVE CLOUD BLOCKCHAIN BIG DATA Thomson Reuters: The Answer Company

7 INNOVATION IS EMBEDDED IN OUR DNA
We are the world’s first Fintech, enabling our customers and partners to efficiently gather and distribute information and technology has been a key pillar of our business for over 150 years. 1850 1858 1865 1964 1973 1980 1981 PIGEON CABLE TELEGRAPH STOCKMASTER MONITOR TRIARCH DEALING Paul Julius Reuter used carrier pigeons and the new Calais-Dover cable to transmit stock market quotations Cable from GB to US laid, enabling Reuters to expand its expertise in global currency exchange Reuters first to report President Lincoln assassination by telegraphing news to London Market prices carried from New York to London for delivery around Europe on Stockmaster machines Monitor Money Rates Service launches, creating the first electronic marketplace for FX Launched Trading Room Architecture (Triarch) – our first API Reuters Monitor Dealing Service launches enabling FX trades via video Quite literally the first Social Network WHAT MARKETS WILL THOMSON REUTERS EVOLVE IN NEXT? 1989 1999 2001 2006 2010 2016 DEALING 2000 REUTERS 3000XTRA RMDS TREP EIKON EIKON APP STUDIO Reuters launches Dealing 2000 enabling automated communication between traders and their back office Private network links to Reuters gives live prices from global stock, commodity, futures, derivative and bond markets as well as FX price makers. Reuters Market Data System launched to help clients integrate and distribute third-party data Thomson Reuters Enterprise Platform launches, delivering massive increase in latency in the movement of complex financial content between counterparties Thomson Reuters launches next generation desktop Eikon, providing access to trusted news, data & analytics for the financial community Open platform approach taken to a new level with Eikon App Studio and Thomson Reuters Professional Developer Community (TRPDC) Thomson Reuters: An Open Platform Business

8 THE GLOBAL FINANCIAL MARKET BENEFITS FROM THIS INNOVATION THE INTELLIGENCE, TECHNOLOGY AND HUMAN EXPERTISE TO FIND TRUSTED ANSWERS $420 billion+ in FX trading per day and unparalleled access to deep liquidity Over 40,000 customers around the globe $250 billion in bond trading supported daily Largest global professional FX community, with over 1,700 institutional clients and 160 providers 400,000+ end-users in more than 150 countries 2 million news stories per year 40,000+ regulatory alerts supplied to the world’s banks per year 79 billion market messages managed during 24 hours following the Brexit vote & US elections Our greatest resource is our trusted content. And there is an enormous amount of it. For example, this data explosion is just one sign that we are in the midst of a Findustrial Revolution: a confluence of events – tougher regulation, massive pressure on cost, newer technologies, new platform models and thousands of technologists leaving the incumbent banks, full of ideas, money and time to disrupt the old model. 5,000+ investment firms and hedge funds supported worldwide 2 million+ individuals and entities that can pose a potential risk to the international business community are tracked daily 2.5 million~ price updates distributed per second to the financial markets 11 million+ Messaging interactions daily 10 billion bytes of real- time pricing data distributed every day Thomson Reuters: An Open Platform Business

9 MAKING SENSE OF BIG DATA
big da·ta ‘extremely large volumes of unstructured or semi-structured data that are challenging to store, process and mine for patterns, trends and associations’. BIG DA·TA – Noun: COMPUTING ‘extremely large volumes of unstructured or semi-structured data that are challenging to store, process and mine for patterns, trends and associations’ 80% OF ALL DATA WITHIN THE FINANCIAL INDUSTRY IS UNSTRUCTURED DATA MANAGMENT ENSURES DATA IS LINKED TOGETHER INTO A KNOWLEDGE GRAPH NATURAL LANGUAGE PROCESSING EXTRACTS FACTS KNOWLEDGE GRAPH RELATIONSHIPS Successful projects require expertise in content, data governance, technology and need to deliver business value early in the process. COMPANIES EVENTS IDENTIFIERS & META-DATA PEOPLE LOCATIONS

10 THOMSON REUTERS IN THE FINTECH ECOSYSTEM
Customer Co-Creation Seven regional labs which identify and pursue new business opportunities through agile experimentation with customers Applied Research AI, Blockchain TR Labs: Center for Cognitive Computing & Engineering TR Labs: Innovation Labs Customers Partnerships Strategic financial investments Opening Access Making our expertise, content & technology available to Fintechs Partnerships and Investments Accelerator Enablement University Partnerships Thomson Reuters: An Open Platform Business

11 Global ecosystem grounded in data
7 Global Innovation Labs Global ecosystem grounded in data London Data science, Blockchain Fintech Thomson Reuters Lab Formula Startup ecosystem University partners Early Customer Engagements Waterloo Region Data Science, Startups, University San Francisco Quant Research Data Science Zurich Region TR Startup incubator, Blockchain Boston Data science, Fintech Singapore Data science, FinTech The main point: We have 7 labs Cape Town) Data science, Startups

12 DELIVERING VALUE FROM UNIVERSITY PARTNERSHIPS
Boston London Waterloo E.g. Building brand alongside customers Prominent role in the Systemic Risk Management theme E.g. Collaborative research Lecturer in Financial Informatics and Data Science E.g. Thought leadership Data Science Insights series featuring: Head of Dynamic Pricing at Uber Panel on data and supply chains E.g. Thought leadership TR globally leading in open data. E.g. work on Open PermID; and Shareable by Default E.g. Collaborative research Leading research on data quality and cleaning Our university program is focused on three areas : Brand awareness, collaborative research and thought leadership Thomson Reuters: An Open Platform Business

13 We are hiring! Why Join Thomson Reuters Canada?
Be part of a positive culture High energy, meritocracy, open & transparent, innovative, customer- centric focus Be part of a growing team Long-term plans for the site provides lots of opportunity Co-located with headquarters This is unique in the Toronto market for technologists. Be part of a Canadian global success story Excited by the problems we’re aiming to solve and related technologies Cloud, machine learning & big data Thomson Reuters named a Best Workplace for Women in Canada in 2017 Thomson Reuters named a Top 100 Employer in Canada and a Best Workplace in Canada in 2017 Great Place to Work Thomson Reuters: The Answer Company


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