RBC Capital and Orbital Insight Ink Alt Data Deal
Orbital Insight, the leader in geospatial analytics, and RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RBC), today announced a global partnership giving RBC Capital Markets access to Orbital Insightâ€™s Consumer and Energy analytics products.
RBC Capital Markets will use this data to further advance its equity research products, taking advantage of the timeliness, objectivity and scale of geospatial analytics. By using artificial intelligence to automatically analyze data like satellite imagery, Orbital Insight is able to detect and track changes on the ground over time. Signals monitored include retailer parking lot car counts and crude oil storage tanks, among others.
â€śInvestors seeking alpha can benefit from the insights provided by geospatial analytics,â€ť said Kevin Oâ€™Brien, Chief Business Officer at Orbital Insight. â€śWeâ€™re excited to partner with RBC Capital Markets, a premier bank, as they seek to arm their clients with even greater value and insights through cutting-edge technology.â€ť
As part of the partnership agreement, Orbital Insight and RBC Capital Markets will work collaboratively to develop future geospatial analytics products, leveraging in particular RBCâ€™s expertise in the energy, mining, and location intelligence fields.
â€śAt RBC Capital Markets, we are continually examining ways to innovate and drive greater value to our clients through thoughtful content and differentiated industry insights,â€ť said Fardeen Khan, Head of Strategic Initiatives at RBC Capital Markets. â€śWe are excited to partner with Orbital Insight, whose geospatial analytics will complement our existing rich data sets and help us deliver further advances in content that are rooted in innovation.â€ť
The firms have an exclusive partnership to explore the delivery of data advisory services.
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