Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Seilern Investment Management picks FINBOURNE for data services
Latest news
Seilern Investment Management picks FINBOURNE for data services
22 March 2023 UK
Reporter: Jenna Lomax

Image: Deivison
Investment management firm Seilern Investment Management has selected FINBOURNE Technology’s data stack to scale its investment operations, amid rapid growth.

The mandate is also part of Seilern Investment Management’s plan to move to a cloud-native platform to achieve optimal investment operational systems and reduced cost of ownership.

Seilern will utilise FINBOURNE’s LUSID platform as its data hub to store and analyse client and transactional information — moving from batched processes to receive daily-updated data to track investment and redemption trends of its growing client base.

The hub will give the company high levels of control, efficiency and confidence over investment data and processes, says FINBOURNE.

Seilern will be able to import and export data across the firm’s operational ecosystem, from its custodian and customer relation management, to external market data vendors.

LUSID’s bitemporal feature means Seilern can also access and rewind data across timelines to augment business intelligence, as well as investment workflows.

Commenting on the mandate, Stuart Gunderson, chief operating officer at Seilern, comments: “We are confident LUSID will deliver desired future-state infrastructure while reducing our total cost of ownership. In time, we look forward to expanding the scope to achieve additional efficiencies.”

Thomas McHugh, CEO and co-founder of FINBOURNE, adds: “We know there is a clear urgency to access clean, interoperable data, while lowering cost and risk. With our domain expertise and SaaS-native technology validated by clients globally, we are steadfast in our mission to empower firms with the confidence to innovate on their own terms and support future growth.”

NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today