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Thymen Rundberg

Research Analyst at ING Groep NV

Thymen Rundberg is an Equity Research Associate at ING, specializing in providing in-depth equity analysis and financial modeling for institutional clients. He has actively covered firms such as Wolters Kluwer and is engaged in industry initiatives like the adoption of AI-enhanced document analysis for financial research. Since joining ING, Rundberg has demonstrated a strong analytical capability, supporting senior analysts in producing sector-leading insights and maintaining robust client relationships. While specific performance metrics and professional credentials such as securities licenses or FINRA registration are not publicly listed, his career highlights include significant contributions to technical innovation in research processes and coverage of major European listed companies.

Thymen Rundberg's questions to RELX (RELX) leadership

Question · Q3 2025

Thymen Rundberg asked about the progress of legal renewal discussions, particularly concerning the rapid adoption of Lexis+AI and Protégé, and whether clients are referencing competitor AI solutions or expressing new expectations. He also sought information on the pipeline for new AI-powered products across divisions and where the biggest opportunities lie.

Answer

CEO Erik Engstrom noted that legal renewals, mostly three-year agreements, show continued uplift and conversion, with a clear majority of renewal revenue now coming from generative AI-inclusive platforms. He stated that Lexis+AI's penetration curve is slightly faster than previous versions and that competition is constant, with RELX positioning itself as a technology-enabled challenger. For the AI product pipeline, Engstrom highlighted significant opportunities in Risk (extractive AI, machine learning, combating fraud), Legal (workflow opportunities in white spaces), STM (gradual long-term impact), and Exhibitions (data-driven digital tools for value creation).

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