Refinitiv Unveils Smart Lock Solution, Bridging Physical Security with Digital Access

New York, NY – October 26, 2023 – Refinitiv US LLC, a leading provider of financial markets data and infrastructure, today announced the launch of its innovative Wi-Fi Enabled Lock, a product extending beyond the company's traditional financial focus and into the realm of physical security and smart home technology. Based in the heart of New York City at 28 Liberty Street, Refinitiv is leveraging its expertise in data transmission and secure networks to offer a solution poised to disrupt the access control market. For years, Refinitiv has been the go-to source for financial professionals needing rock-solid, real-time data. Think stock prices, market news, economic indicators – the stuff that makes the world of finance tick. That same commitment to accuracy, reliability, and security is now baked into this smart lock. But why a lock? “We realized our core strengths – building incredibly secure and reliable data pathways – actually translate perfectly to securing physical spaces,” explains John Davis, Head of Innovation at Refinitiv. “It's about controlling access, tracking who enters, and ensuring everything is secure, whether it's financial data or your home or business.” So, what is this Wi-Fi Enabled Lock? Forget fumbling with keys. This isn’t your grandpa’s padlock. The Refinitiv Smart Lock is a completely keyless entry solution that lets you unlock your door with your smartphone, a unique PIN code, or even remotely via a dedicated app. It's designed for a wide range of applications, from securing residential homes to managing access to short-term rentals, storage units, and even small business offices. How Does it Work? The lock connects directly to your existing Wi-Fi network, allowing for seamless control and monitoring from anywhere in the world. Here’s a breakdown of the key features: Smartphone Control: The intuitive Refinitiv Access app (available for iOS and Android) is your central command center. Lock and unlock doors remotely, grant or revoke access to users, and view activity logs. PIN Code Access: Assign temporary or permanent PIN codes to family members, friends, or service providers. This eliminates the need to copy keys and provides an added layer of security. Activity Monitoring: See exactly who has accessed your property and when. The app provides a detailed activity log, giving you peace of mind and helping you identify any suspicious activity. Remote Access Control: Let guests, delivery drivers, or repair technicians in even when you’re not home. Revoke access instantly if needed. Auto-Lock Feature: Never worry about forgetting to lock the door again! The lock can be programmed to automatically lock after a specified period of time. Tamper Alerts: Receive instant notifications if someone attempts to tamper with the lock. Secure Encryption: All communication between the lock, the app, and the cloud is encrypted using industry-leading security protocols, protecting your data from unauthorized access. Refinitiv’s expertise in data security, honed over years of serving the financial industry, is a cornerstone of this product. Easy Installation: The lock is designed to be easy to install on most standard doors. No professional installation is required, although it is available if preferred. Battery Powered: The lock is powered by long-lasting batteries, eliminating the need for wiring. You'll receive low-battery notifications well in advance, so you'll never be caught off guard. Beyond Residential Use: Expanding into New Markets While homeowners will undoubtedly benefit from the convenience and security of the Refinitiv Smart Lock, the company is also targeting several other key markets: Short-Term Rentals (Airbnb, VRBO): Simplify guest access and eliminate the hassle of key exchanges. Automatically generate unique PIN codes for each guest and revoke access upon checkout. Storage Facilities: Provide secure and convenient access to storage units. Track who accesses each unit and when, enhancing security and accountability. Small Businesses: Control access to offices and secure valuable assets. Grant access to employees, clients, and service providers as needed. Property Management: Streamline access control for multiple properties and tenants. Refinitiv’s Commitment to Security and Reliability “We understand that security is paramount,” says Sarah Chen, Product Manager for the Smart Lock. “That's why we’ve built this product with the same level of rigor and attention to detail that we apply to all of our financial data solutions. We’ve conducted extensive testing to ensure that the lock is reliable, secure, and easy to use.” Refinitiv's foray into physical security isn’t a random move. It’s a natural extension of the company’s core competencies. By leveraging its expertise in data transmission, secure networks, and cloud infrastructure, Refinitiv is poised to become a major player in the rapidly growing smart lock market. Pricing and Availability The Refinitiv Wi-Fi Enabled Lock is available for pre-order now at [website address - placeholder] and will begin shipping in November. The retail price is $249. Refinitiv is also offering a subscription service for advanced features, such as extended activity logging and integration with other smart home devices. About Refinitiv US LLC Refinitiv US LLC is a leading provider of financial markets data and infrastructure. The company serves over 40,000 institutions worldwide, including banks, investment firms, and corporations. Refinitiv is committed to providing its customers with the data, analytics, and technology they need to make informed decisions. Headquartered in New York City (28 Liberty St Fl 58, New York, NY, 10005-1457, United States, 770-964-6545), Refinitiv is dedicated to innovation and customer satisfaction.