Startup VendEx Debuts VKey Data Contract Management Tool

VKey will extract and present key terms from financial firms' data contracts, enabling them to better understand how they can use the data they pay for.

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VendEx Solutions, the San Francisco-based technology spinoff from consultancy International Solutions Network, has unveiled its first product, VKey, a tool that identifies key terms and conditions in vendor contracts, to support compliance with data licenses.

Richard Clements, CEO of VendEx, says the vendor has identified a total of 317 terms from different vendor contracts, covering market data feeds, evaluated pricing services, and analytics, giving clients a better understanding of the

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