Six Canadian data company acquires Oranda

Six Canadian data company acquires Oranda

Six Orenda takes a majority stake in Software Solutions. The company is based in Ontario, Canada and analyzes data on the environment, society and corporate governance. The deal is expected to close in the first quarter of 2021 according to Six. The exchange operator does not provide any information about the financial statements.

Orenda provides reputation analysis and specifically ESG assessments to companies. This should enable companies, for example, to assess whether or to what extent a certain business decision can have a social impact.

ESG is for environmental, social and corporate governance. Financial institutions rate sustainable investment products under the keyword ESG. The Swiss Bankers Association has recently published a Guide to include ESG criteria for advising private clients.

Optional data set and more information in ESG

According to the announcement, Oranda hopes that Six’s participation will result in more customers and an opportunity to develop new offers based on Six’s securities database. Six, in turn, expect the deal to provide more information in the context of alternative data sets, data science, and ESG. The message states that the company wants to support customers in acquiring knowledge from data and is thus able to make faster and better decisions.

Switzerland missed out on playing a leading role in the fintech sector early – but now there is a new opportunity for the Swiss financial center, writes Netzvoche columnist Rino Borini in his “wild card”. “New discussion is permanent finance.” Basic elements: Start-ups with well-known people in the field of technology and sustainability. “Innovative young companies will be the drivers, because thanks to the efficient use of digital technologies, on the one hand they can act as innovation partners for traditional financial players, and on the other they are partially established banks and asset managers with value Can change. Chen, “Borini writes. Read his article here: “Green Fintech – Allez La Suisse!”

READ  Ontario will reduce gathering limits to 10 people indoors, 25 outdoors in COVID-19 hotspots: sources
Written By
More from Alec Woods

Calgary police officer hit and killed during New Year’s Eve traffic stop

CALGARY — A Calgary police officer has died after being struck by...
Read More

Leave a Reply

Your email address will not be published. Required fields are marked *