News 

A longtime alternative data player just fired the majority of its staff and its CEO resigned. It might be a sign of tough times to come for a market set to grow to $7 billion.

“Justin Zhen, cofounder of alternative data provider Thinknum, said that the influx of participants in recent years has made it tough for consumers of alternative data to sort through all their options” writes Bradley Saacks for businessinsider.com. Part of the booming $7 billion alternative data industry, the company collects location data from cellphones to help hedge funds make money.”I believe that a lot of the more advanced alternative data users — advanced hedge funds and investors — are probably experiencing what I might call ‘alternative data fatigue.’” Read more: Hedge…

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GBP News 

EU ‘losing patience’ as UK still fails to present backstop alternative

“When asked whether he has any alternative the backstop Mr Johnson said he did, but that he would not share them now” writes Jon Stone for independent.co.uk. A leaked UK government paper that emerged last week analysing the proposed “alternative arrangements” to the backstop suggests that all have been found to have significant issues. Source: independent.co.uk

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Crypto News 

Blockchain-Based App Gives Firms an Alternative to Pricey Online Ads

“Sessia also offers an easy-to-use e-shop builder that gives offline companies the chance to quickly start selling their wares online” writes Connor Blenkinsop for cointelegraph.com. According to Sessia, too many projects are struggling to preserve their profit margins because of the highly competitive, expensive nature of online advertising. Source: cointelegraph.com

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News 

The explosion of ‘alternative’ data gives regular investors access to tools previously employed only by hedge funds

“Alternative data sets should generally be expected to deliver performance similar to traditional data sets, he said” writes Deputy Markets Editor for marketwatch.com. Video: How ‘alternative data’ gives an investing edge — if you can afford it There’s also a gee-whiz factor.Four popular types of alternative data and how they’re used Web scraping: The most widely used form of alternative data, according to research firm Greenwich Associates, web scraping collects data from targeted websites in a bid to gain information on brands, companies and corporate activity.The growth in alternative data…

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News 

Explosion of ‘alternative’ data puts hedge fund style tools in the hands of regular investors

“Alternative data sets should generally be expected to deliver performance similar to traditional data sets, he said” writes Deputy Markets Editor for marketwatch.com. Video: How ‘alternative data’ gives an investing edge — if you can afford it There’s also a gee-whiz factor.Four popular types of alternative data and how they’re used Web scraping: The most widely used form of alternative data, according to research firm Greenwich Associates, web scraping collects data from targeted websites in a bid to gain information on brands, companies and corporate activity.The growth in alternative data…

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News 

The growing market of online alternative and nonbank mortgage lending

“These are some of the top mortgage lending services right now: Business Insider Intelligence’s Online Mortgage Lending Report finds that amid growing customer demand, nonbanks continue to threaten incumbents” writes Alicia Phaneuf for businessinsider.com. Home loans can include fixed loans, Federal Housing Administration loans, United States Department of Agriculture loans, jumbo loans, and reverse mortgage loans.Nonbanks are financial institutions that offer typical bank-related lending services, like mortgage lending, while providing users an easier path to obtaining loans.Many nonbank mortgage lenders offer services ranging from first-time home loans to refinancing options.Nonbank…

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News 

Bloomberg is investing in ways to make complex alternative-data sets easier to use for hedge funds

“It’s already working on helping customers draw correlations between data sets, whether it’s between multiple alternative data sets or making connections with more traditional data” writes Dan Defrancesco for businessinsider.com. One of the largest data providers in the world wants to make it easier for investors to digest complex, unique data sets.However, it’s not a fool-proof process, as even the most advanced firms still sometimes struggle to get an edge using the data sets.That also includes helping customers draw connections between data sets, whether they be alternative, traditional, or both.Connecting…

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Crypto News Platforms 

Hedera Hashgraph will launch beta for alternative cryptocurrency on September 16

“The platform will allow any developer from the general public to create an account and build decentralized applications (dApps) on the Hedera Hashgraph platform” writes Dean Takahashi for venturebeat.com. Hedera Hashgraph, the company behind an enterprise-grade blockchain alternative that raised $124 million last year, plans to grant open access to its mainnet beta on September 16 as part of a new milestone for its fast and secure public ledger technology. Source: venturebeat.com

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News 

Alternative data provider Quandl is changing its strategy as industry giants like Bloomberg and S&P push into the $7 billion market

“One of the first alternative data providers has taken that message to heart, as larger, traditional data powerhouses move into its market” writes Dan Defrancesco for businessinsider.com. Finally, and arguably most notably, financial data giant Bloomberg entered the fray in February when it announced a marketplace for alternative data.Instead, it can use a combination of widely-used alternative data sets it purchases, combined with some of its own data and data science techniques, to create a feed that isn’t easily replicable.The change in philosophy comes at a time when larger data…

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