Morningstar Australasia Pty Limited, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that it will provide Westpac Online Investing, a subsidiary of Westpac Banking Corporation (ASX: WBC), with a technology solution incorporating Morningstar’s fundamental equity data and content.
The Morningstar technology solution enables Westpac Online Investing to distribute daily investor client emails that contain equity data and content including earnings announcements, dividends, valuation metrics, market commentary, investment articles, and videos, including content customised for individual client portfolios. Emails are formatted for ease of access on mobile phones and tablet devices.
"We were excited to take on this project with Westpac Online Investing," Morningstar Australasia Chief Executive Officer Anthony Serhan said. "The service provides Westpac clients with relevant, high-quality equity investment commentary and insights, accessible wherever they are. The initiative further illustrates Morningstar's ability to design, build, and implement technology solutions that meet the needs of institutional clients."
"We have a strong established working relationship with Morningstar, which already provides research insights to our business. We're delighted that Morningstar has created a purpose-built solution to meet our business' needs," James Staltari, Head of Westpac Online Investing, said. "We've invested substantially in recent years to cement our position as a leading provider of online broking services in Australia. This initiative, along with our improved smartphone and tablet trading apps, provides further demonstration of our commitment to investing in technologies that enhance the investing experience of our customers."