Mosaic Smart Data
- Company typePrivate
- Founded2014
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
Mosaic Smart Data firmographics
Firmographics- Name
- Mosaic Smart Data
- Legal name
- Mosaic Smart Data Limited
- Website
- https://mosaicsmartdata.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
Mosaic Smart Data industry classification
Industry- Product category
- Capital Markets Data Analytics Software
- NAICS
- Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights) (HDAEAMAD)
- akta.pro secondary industries
- Semantic Layer, Metrics Store & Headless BI (HDAEAMAE), Enterprise Reporting & Pixel-Perfect Reporting (HDAEAMAB)
Keywords
Where Mosaic Smart Data is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Mosaic Smart Data business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Enterprise platform licensing: Multi-year enterprise contracts for the MSX platform with global FICC banks (J.P. Morgan, ING, SMBC, Lloyds, Euroclear, PIMCO). Deal structure evidenced by 'multi-year partnership extension' language with Lloyds Banking Group.
- Investment / equity funding: $9 million investment round led by Commerzbank with participation from leading banks (2019), plus strategic stake from J.P. Morgan (2018). Behavox acquired the company in 2025.
- Professional services / pilot-to-production deployments: Engagements start as pilots (e.g., global bank FX pilot) delivering data normalisation, custom dashboards, AI/ML reports and alerts, then expand into production rollouts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise pricing — quote-based, not publicly disclosed |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
Mosaic Smart Data product offering
Product offeringCore offering
Mosaic Smart Data provides an AI-driven data analytics platform (MSX) that aggregates and normalises fragmented transaction, market and reference data from FICC (Fixed Income, Currencies and Commodities) desks and turns it into real-time, personalised insights across the four-stage analytics journey of Normalise, Analyse, Optimise and Capitalise. Its MSX360 layer adds guided, 'Netflix-like' recommendations and alerts for sales and trading teams at global banks, asset managers and capital markets infrastructure providers.
Product overview
Mosaic Smart Data offers a unified AI-driven data analytics platform, branded MSX, aimed at FICC (Fixed Income, Currencies and Commodities) market participants. The platform is organised around a four-stage 'analytics journey' of named modules — Normalise (data aggregation and normalisation), Analyse (turning big data into Smart Data with AI/ML), Optimise (real-time personalised insights) and Capitalise (action and opportunity navigation) — with MSX360 layered on top as a Netflix-like guided analytics tool that delivers personalised recommendations and alerts. Asset-class specific configurations are provided as MSX FX, MSX Rates, MSX Credit and MSX Repo, and Mosaic has also launched a joint data intelligence offering called Smart Markets with Euroclear. Following its acquisition by Behavox, Mosaic now sits within the Behavox AI ecosystem, integrating transaction data analytics with communication-data AI.
Differentiator
Problem solved
Functional benefit
Brands
- MSX: Mosaic Smart Data's core analytics platform covering foreign exchange, rates, credit and repo markets, providing real-time transaction analytics for FICC desks.
- MSX360
- Smart Markets
Products and services
- MSX (Mosaic Smart Data Platform) Core AI-driven analytics platform that transforms transaction and market data into actionable insights for FICC markets, guiding users through a four-stage analytics journey of Normalise, Analyse, Optimise and Capitalise.
- MSX360 Netflix-like guided analytics tool layered on top of MSX that delivers personalised recommendations and alerts to FICC sales and trading users, navigating them to opportunity and action.
- MSX FX (Foreign Exchange) FX-specific configuration of MSX that delivers real-time FX transaction analytics, RFQ response analysis, FX swap rollover reports, client defection and seasonality alerts for global FX desks.
- MSX Rates Rates-specific configuration of MSX covering interest rate swaps, cash rates and rates eCommerce with real-time analytics and pricing-quality insights.
- MSX Credit Credit-specific configuration of MSX delivering real-time credit analytics for evolving credit markets, adopted by SMBC and other fixed income desks.
- MSX Repo Repo-specific configuration of MSX, added in 2023, enabling participants to optimise repo balance sheets in real time.
- Stand-Alone Data Normalisation Service Stand-alone data normalisation offering that cleans and consolidates fragmented institutional FICC data sources into an analytics-ready dataset, sold independently of the full MSX platform.
- Instant Reports On-demand FICC analytics reporting capability launched in November 2018, providing instant access to transaction and market-impact reports.
- Bond Recommender New bond recommendation capability within Mosaic's analytics insights, recommending bonds to traders and salespeople.
Quantifiable outcome
- Nearly 50% growth in ING's eFX spot franchise flow in 2022 (Celent case study cites almost 100% growth)
- +3 more outcomes
Companies that use Mosaic Smart Data
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles4 records
Mosaic Smart Data technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability3 records
Feature6 records
Mosaic Smart Data partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship — acquirer and parent company, flagship — co-launch partner for smart markets, core — digitisation of research and analytics, core — accelerator cohort relationship, minor — venue analytics licensing, minor — fx liquidity analytics collaboration and core — recurring sponsored seminar series.
- Behavoxflagship — acquirer and parent companyAcquired Mosaic Smart Data in 2025, integrating Mosaic into the Behavox AI ecosystem. Mosaic will be the first company to offer FICC desks a comprehensive view of market activity integrating both transaction and communication data.
- Euroclearflagship — co-launch partner for smart marketsCo-launched the Smart Markets data intelligence offering for capital markets in 2024. Mosaic-Euroclear AI platform targets the market data industry.
- Limeglasscore — digitisation of research and analyticsStrategic partnership to drive digitisation of research and analytics for banks, boosting research analytics offerings together.
- ING (Labs Brussels)core — accelerator cohort relationshipSelected for ING's 2021 Labs Brussels cohort, validating Mosaic with ING's Financial Markets franchise.
- LiquidityEdgeminor — venue analytics licensingLiquidityEdge licensed the Mosaic MSX analytics platform to provide venue analytics to its clients.
- CLSminor — fx liquidity analytics collaborationCollaborated with MUFG on FX liquidity analytics; CLS launched analysis of FX market liquidity leveraging Mosaic Smart Data.
- MUFGminor — fx liquidity analytics collaborationPartnered with CLS and Mosaic Smart Data to deliver FX liquidity analytics; MUFG executives participated in Mosaic's AI/ML FX webinar (April 2021).
- University of Oxford (Mathematical Institute) & Citigroupcore — recurring sponsored seminar seriesSponsor of the monthly 'Frontiers in Quantitative Finance' seminar series hosted by the Oxford Mathematical and Computational Finance Group with Citigroup. Builds thought leadership and engages quant finance talent and clients.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Mosaic Smart Data competitors and assessment
Company assessmentBroad incumbents
- Behavox: AI platform for financial markets compliance and surveillance that acquired Mosaic Smart Data in 2025. Behavox's communication-data AI combined with Mosaic's transaction analytics now positions it as Mosaic's parent and closest adjacent peer for FICC analytics workflows.
- Murex: Established cross-asset trading, risk and post-trade platform with deep FICC analytics modules. Competes with Mosaic for bank treasury and trading-desk analytics budgets but as part of a much broader front-to-back platform.
- ION Group: Large incumbent provider of FICC trading, clearing and analytics infrastructure (Fidessa, Wallstreet Suite). Competes broadly in the same bank trading workflows as Mosaic, with several Mosaic senior hires having ION backgrounds.
- Bloomberg L.P. Dominant incumbent data, analytics and workflow platform for FICC desks globally. Provides generic visualisation and analytics that Mosaic explicitly differentiates against as 'purpose-built' rather than third-party tooling.
- IPC Systems: Communications and analytics infrastructure provider for financial markets participants. Adjacent peer given Behavox's communication-data expertise increasingly combines with Mosaic's transaction analytics.
Direct peers
- Limeglass: FICC-focused research and analytics digitisation platform targeting the same bank trading desks. Active strategic partner of Mosaic but operates in the same FICC analytics niche with overlapping buyers.
- ActiveViam: Real-time analytics platform purpose-built for capital markets, including trading and risk analytics for tier-1 banks. Closest direct competitor in terms of FICC-specific real-time transaction analytics technology stack.
- Kx Systems (KDB+): Time-series analytics database widely used in capital markets for real-time trading analytics. Often underpins transaction analytics platforms at tier-1 banks and competes for the same data and analytics workloads as Mosaic's MSX.
Emerging players
- FINBOURNE Technology: Cloud-native investment data management platform serving buy-side and sell-side institutions. Comparable as a modern, data-centric capital markets infrastructure provider targeting similar FICC and operations workflows.
Regional players
- NeoXam: Data management and analytics platform for asset management and capital markets, strong in European financial institutions. Comparable as a data management and analytics vendor selling into similar FICC and operations functions across European banks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Mosaic Smart Data social profiles
Digital presenceMosaic Smart Data compliance and trust
Trust signalCompliance2 records
Mosaic Smart Data financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mosaic Smart Data leadership team
Management profileNumber of profiles
Profiles9 records
Mosaic Smart Data subsidiaries and ownership
Company hierarchySubsidiaries1 record
Mosaic Smart Data funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mosaic Smart Data M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mosaic Smart Data
What does Mosaic Smart Data do?
Mosaic Smart Data provides an AI-driven data analytics platform (MSX) that aggregates and normalises fragmented transaction, market and reference data from FICC (Fixed Income, Currencies and Commodities) desks and turns it into real-time, personalised insights across the four-stage analytics journey of Normalise, Analyse, Optimise and Capitalise. Its MSX360 layer adds guided, 'Netflix-like' recommendations and alerts for sales and trading teams at global banks, asset managers and capital markets infrastructure providers.
Is Mosaic Smart Data a public or private company?
Mosaic Smart Data is a private company. It is classified as corporate owned and is currently acquired.
When was Mosaic Smart Data founded?
Mosaic Smart Data was founded in 2014. It employs 51 to 100 people.
Where is Mosaic Smart Data based?
Mosaic Smart Data is headquartered in London, United Kingdom, in the Europe region.
How does Mosaic Smart Data make money?
Three revenue lines are on record. Enterprise platform licensing is the primary driver. The others are investment / equity funding and professional services / pilot-to-production deployments.
Who are Mosaic Smart Data's main competitors?
Broad incumbents on record are Behavox, Murex, ION Group, Bloomberg L.P. and IPC Systems. Direct peers are Limeglass, ActiveViam and Kx Systems (KDB+). FINBOURNE Technology is listed as an emerging player. NeoXam is listed as a regional player.
Does Mosaic Smart Data have an API?
No public API is recorded for Mosaic Smart Data.
What industry is Mosaic Smart Data in?
Mosaic Smart Data's product category is Capital Markets Data Analytics Software. Its primary akta.pro industry code is HDAEAMAD, Augmented Analytics & AI-Assisted BI (NLQ/NLG, Insights), with a secondary code of HDAEAMAE, Semantic Layer, Metrics Store & Headless BI. Its NAICS code is 54151 and its SIC code is 7372.