Thomas Reuters Labs opens its first branch in Asia as part of their growing global network, joining locations in Boston, Cape Town, London, Waterloo (Canada) and Zürich. Thomson Reuters Labs – Singapore will collaborate with the government, customers, tech startups and universities to build partnerships and create innovative products and solutions for professional markets throughout the Asia Pacific region.
Located in Singapore’s central business district at One Raffles Quay, the Lab opening was officiated by Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority Singapore (MAS) and will support Thomson Reuters financial & risk, tax & accounting and legal businesses across Asia Pacific.
Thomson Reuters Labs enable lean experimentation with advanced data analytics and machine intelligence to solve global challenges for customers. Specifically, the Labs provide capabilities across the many disciplines that constitute data science, delivering data exploration tools, dashboards, visualizations and proof-of-concept applications.
Mona Vernon, Vice President, Thomson Reuters Labs, commented, “Located in global innovation ecosystems, we engage with our clients, entrepreneurs and academics to invent and test emerging technologies that will define the future of knowledge work. Building a Lab in Singapore was a critical next step due to the government’s commitment to the innovation economy.”
Sanjeev Chatrath, Managing Director, Financial & Risk, Asia Pacific at Thomson Reuters, added, “Singapore is one of the world’s most innovative cities thanks to its focus on collaboration between corporations, government, financial institutions, regulators, and academia. With our established footprint across Asia and a strong presence in Singapore, the new Lab will serve as a hub for growing our innovation efforts and fostering co-innovation with our customers and partners within the region. Thomson Reuters remains focused on helping our customers in Asia navigate current global uncertainties and an increasingly complex business world through agile prototyping, leveraging our market leading assets, and deep, proven content.”
Kiren Kumar, Assistant Managing Director, Infocomms and Media, Singapore Economic Development Board, said, “We welcome Thomson Reuters into our fast-growing digital innovation ecosystem, and are glad that the Singapore Data and Innovation Lab is collaborating with various partners to create new products for the region and beyond. We are also pleased that the Lab presents exciting career opportunities in data science, software development and user experience design.”