FINBOURNE Technology’s SaaS investment data management platform, LUSID, will be adopted by LSEG – London Stock Exchange Group – wealth management and investment solutions companies as a component of digital data. As a branch of the Group’s digital and cloud program, LUSID will provide a scalable and virtual real-time data repository, consolidating multi-asset class data, across companies.
LSEG will also make a strategic investment in FINBOURNE, which will see both entities actively work to innovate and develop new capabilities, to provide value-added services and enhanced and intuitive solutions to the institution’s global clients.
Born in the cloud, FINBOURNE’s LUSID platform was chosen for its ability to deliver an extended data model in complete security, via a solid Amazon Web Services (AWS) cloud infrastructure. The platform’s open source architecture and APIs are part of LSEG’s strategy to create an open, transparent and interoperable ecosystem across the group.
FINBOURNE will work with the Data and Analytics division of LSEG to innovate and evolve data service solutions in the following business areas:
Wealth: LSEG’s Wealth Management division offers clients a suite of portfolio and advisory services integrating client data from multiple sources with LSEG content. LUSID’s cloud-based approach will be part of the evolution of LSEG’s wealth solutions as it encounters increased digital adoption among wealth advisers. At the heart of this is a consolidated, customer-centric view of financial holdings and unstructured data, held across multiple sources.
Investment Solutions: LSEG’s Investment Solutions division offers clients enhanced data management as part of its PORT portfolio management solution. LUSID’s Bitemporal Investment Register (IBOR) will support LSEG by enabling a dynamic view of data across multiple timelines and with full lineage.
Emily Prince, Group Director of Fixed Income Analysis, LSEG – London Stock Exchange Group comments: “The partnership with FINBOURNE supports LSEG’s open access environment for its clients to take advantage of the breadth of integrated data, analytics and workflow solutions. We look forward to working with FINBOURNE, leveraging our common expertise in financial markets, to create new services and flexible solutions to better serve our clients.
Tom McHugh, CEO and Co-Founder, FINBOURNE Technology adds: “LSEG’s partnership and investment is a key milestone for FINBOURNE as we move closer to achieving our vision; feeding the investment data processes that are at the heart of the industry. We’ve used years of financial industry best practices, combined with advanced cloud-centric technology, to create a data platform that enables our clients to make better investment decisions. We look forward to continuing this innovation as we support the transformation of such a valued global institution. “