FINBOURNE Technology’s SaaS investment data management platform, LUSID will be adopted by the London Stock Exchange Group as a digital data component.
LUSID, which will be part of LSEG’s digital and cloud program, will provide a scalable and virtual real-time data repository, consolidating multi-asset class data, across the businesses.
LSEG will also make a strategic investment in FINBOURNE, which will see both entities actively working to innovate and develop new capabilities, to deliver value added services and enhanced, user-intuitive solutions to the institution’s global clients.
B
orn in the cloud, FINBOURNE’s LUSID platform was chosen for its ability to deliver an extensive data model securely, through a robust Amazon Web Services (AWS) cloud infrastructure.
The platform’s open-source architecture and APIs, form part of LSEG’s strategy to create an open, transparent and interoperable ecosystem across the group.
FINBOURNE will work with LSEG’s data and analytics division to innovate and evolve data services solutions in LSEG’s Investment Solutions division which offers clients enhanced data management as part of its PORT portfolio management solution.
LUSID’s bitemporal Investment Book of Record (IBOR), will support LSEG in enabling a dynamic data view across timelines, and with complete lineage.
It will also be used in LSEG’s Wealth Management division which offers a suite of portfolio and advisory services integrating client data from multiple sources with LSEG content.
LUSID’s cloud-first approach will form part of the evolution of LSEG’s wealth solutions, as it meets increased digital adoption among wealth advisers. Core to this is a consolidated client-centric view of financial holdings and unstructured data, held in multiple sources.
Emily Prince, Group Director of Fixed Income Analytics, LSEG – London Stock Exchange Group comments, “The partnership with FINBOURNE supports LSEG’s open access environment for its clients to leverage the breadth of data, analytics and integrated workflow solutions. We look forward to working with FINBOURNE, drawing on our joint financial market expertise, to create new services and flexible solutions to better serve our clients.”
Tom McHugh, CEO and Co-founder, FINBOURNE Technology adds: “The partnership and investment from LSEG, is a key milestone for FINBOURNE, as we get closer to realising our vision; powering the investment data processes that sit at the heart of the industry.
We’ve taken years of financial industry best practice, combined with advanced cloud-first technology, to create a data platform that empowers our clients to deliver better investment decisions. We look forward to continuing this innovation, as we support the transformation of such an esteemed global institution.”
©Markets Media Europe 2021
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