Financial markets thrive on accessible data, and one company is more than willing to meet that need.

Refinitiv Ltd., the global provider of financial markets information and infrastructure, expanded its real-time data delivery service using Amazon Web Services Inc. last year to meet rising customer demand.

The company’s move was yet another indicator that financial firms were shedding any reluctance to embrace cloud solutions, and Refinitiv’s own surveys have found strong interest in using the public cloud for market data needs.

“The level of trust has gone up, and the level of maturity among cloud providers has also increased,” said James Turck (pictured, left), global head of architecture and cloud at Refinitiv. “We have to deliver data where our clients want the data to be. Now companies have large teams of people who go out and engage with regulators, and they will partner with financial institutions to make sure we’re getting the right level of engagement.”

Turck spoke with Dave Vellante (@dvellante) and Lisa Martin (@LisaMartin TV), co-hosts of theCUBE, SiliconANGLE Media’s mobile livestreaming studio, during the AWS re:Invent event in Las Vegas. He was joined by Hanna Helin (pictured, right), vice president of cloud proposition strategy at Refinitiv, discussing results from the firm’s most recent information-technology survey and news from AWS around tools for machine learning. (* Disclosure below.)

Rising public cloud interest

Refinitiv periodically takes a temperature reading of public cloud interest through a survey of market data executives in financial institutions. The latest report showed that interest in using public cloud services was continuing to grow.

“What we saw this year is that IT investment is very much going to public cloud,” Helin said. “When we started the survey a couple of years ago, we saw that 32% of IT investment went to public cloud. For next year, that is increasing almost to 50%. So the public cloud is definitely here to stay.”

The Refinitiv executives were also intrigued by the impact of machine-learning tools in the public-cloud environment. Today, AWS unveiled a new set of offerings for its SageMaker machine-learning solution.

“It was interesting at the keynote this morning to see Amazon really putting a lot of effort into democratizing the use of machine learning through SageMaker,” Turck noted. “We think that is going to be an increasing thing.”

Watch the complete video interview below, and be sure to check out more of SiliconANGLE’s and theCUBE’s coverage of the AWS re:Invent event. (* Disclosure: Refinitiv Ltd. sponsored this segment of theCUBE. Neither Refinitiv nor other sponsors have editorial control over content on theCUBE or SiliconANGLE.)

Photo: SiliconANGLE