Money.Net Bolsters Content with AP News

The AP news went live on Money.Net last Monday, June 26, as a news source blended with Money.Net’s current roster of between 40 and 45 premium content sources on its scrolling news feeds and alerting engine for major news events, after a six-month period of discussions with the newswire and providing it with client feedback about clients’ preferences around content, formatting and timing of updates. In comparison, the technical integration itself only took a few weeks, says Money.Net chief executive Morgan Downey.

Downey says Money.Net’s news now provides hundreds of thousands of headlines per day, curated from millions of raw stories per day by the vendor’s algorithms. Though the AP only delivers numbers in the high hundreds or low thousands of stories per day, Downey says its stories are more significant than other sources.

“The main feedback was how much people appreciate AP’s global political coverage. In the past six months, politics and economics have never been so intertwined,” Downey says, citing the impact of changes to US healthcare policy on pharmaceutical company stocks, or the impact of trade relations on foreign economies.

Downey says the move continues Money.Net’s aim of becoming an “open platform” that integrates as many best-of-breed content and capabilities as possible, rather than trying to build everything in-house. Money.Net is making the AP news available to clients for no additional fee beyond its current $150 per month price tag.

Over the next six months, Money.Net will expand its international coverage with the addition of news sources in Europe, Asia, and Latin America to meet demand from local clients in each region, as well as from the vendor’s core US customer base. For example, as one of the largest producers of lithium, news about Chile could impact cell phone companies, and electric car manufacturers.