State Street selects FundGuard’s accounting solution
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State Street selects FundGuard’s accounting solution 07 October 2022US Reporter: Lucy Carter
Image: Andrey Popov
State Street has chosen financial services provider FundGuard’s strategic accounting solution for use with State Street Alpha.
FundGuard’s solution will allow for straight through processing, from portfolio management to trading in the Charles River Investment Management Solution, as well as custody and administration services.
State Street Alpha offers integrated functionality for institutional investment and wealth managers. The cloud-native platform uses a common data platform and enterprise data management to support areas including portfolio management, compliance and fund administration.
Clients who offer mutual funds, alternatives, insurance and pensions will use the new FundGuard solution.
John Plansky, head of State Street Alpha, says: “FundGuard has created a leading next generation multi-book accounting engine and we are excited to work with them to better serve our clients. Accounting services are a fundamental pillar of Alpha, and embedding FundGuard’s capabilities into our platform will provide clients with the critical data they need to transact and better understand the performance of their investments.”
Lior Yogev, CEO and co-founder of FundGuard, adds: “Our technology has enabled clients to be more operationally efficient and bring new and innovative products to market faster. Integrating our investment accounting utility into State Street Alpha presents us with a key opportunity to manage the speed and volume of data and deliver the real-time insights clients are looking for.”L
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Image: Andrey Popov 