Facteus, the leading provider of actionable insights from financial data, announced that its consumer spending data from its weekly FIRST report is now available on the Bloomberg Terminal. Users of the Bloomberg Terminal have access to real-time daily consumer spending data to better understand lower to middle income consumer behavior trends at the industry level across multiple categories (retail, entertainment, hospitality, etc.).
Facteus data in the FIRST report is drawn from millions of daily consumer transactions, offering a comprehensive, real-time perspective into evolving customer behaviors, such as shifts in spending across categories, category trends, ecommerce and channel insights. This data will provide Bloomberg Terminal customers with key consumer and sector trends integral to investment research, M&A, product development, and sales and marketing efforts.
“Access to timely data gives Bloomberg’s customers the ability to gauge the impact consumers are having on key segments of the market,” said Chris L. Marsh, CEO of Facteus. “Given the uncertainty of the current economic landscape, Facteus’ real-time data is a goldmine of unique, insightful information that further enhances investors’ analysis and strategies.”
The Facteus Insight Report on Consumer Spending and Transactions (FIRST) is based on millions of regulatory-compliant consumer transactions that are sourced directly from financial institutions, fintechs, and payments companies. Facteus transaction data incorporates credit and debit card purchases, and transactions from payroll and corporate-expense accounts. More information can be found at https://first.facteus.com.
Facteus is a leading provider of actionable insights from financial data. Through its innovative, patent-pending synthetic data process, Facteus safely transforms raw financial transaction data from legacy technologies into actionable information, which can be used for machine learning, artificial intelligence, data monetization, and other strategic use cases, without compromising data privacy. The company’s data products have been gathered directly from over 1,000 financial institutions, payment companies, fintechs, and payment card programs, giving business and investment executives access to the “truth” of actual consumer financial transactions, not just general trends. To learn more, visit www.facteus.com.