Facteus contacted us to inform us it recently launched the Facteus Insight Report on Consumer Spending and Transactions (FIRST). The report, Facteus stated, provides a critical lens into consumer behaviors and economic trends derived from financial transaction data covering more than 1,600 companies and 430 publicly traded stock tickers.
"The world we now live in is changing rapidly, and it will be difficult to understand the impact on our communities and the economy for some time, as official statistics and survey reports are typically published with a multiple week lag time," said Randy Koch, CEO of Facteus (formerly ARM Insight).
"Our business is focused on understanding the world through the lens of financial transaction data and our data is updated daily, which allows us to provide business leaders and analysts near real-time visibility into what is going on in the economy.
"We understand the economic landscape is very fluid right now and we will be regularly sharing more insights in the coming weeks as it relates to the impacts on consumer spending. Our intent is to help businesses, governments, and economists have a current, accurate view of the COVID-19 data, so that they can make informed and timely decisions."
According to the company, FIRST is based on millions of regulatory-compliant consumer transactions that are sourced directly from financial institutions, fintechs, and payments companies; and business and investment analysts using Facteus data gain a granular understanding of consumer behavior trends at the industry level (retail, entertainment, hospitality, etc.), or at the specific company level. This insight is increasingly valuable as the economic landscape shifts with the evolving conditions created by the COVID-19 global pandemic, Facteus added. The initial report is available at http://first.facteus.com.
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