FINBOURNE to provide investment data management for PIC
Latest news
FINBOURNE to provide investment data management for PIC 22 November 2023London Reporter: Jack McRae
Image: TimeShops
FINBOURNE technology has been selected by Pension Insurance Corporation (PIC) to provide investment data management capabilities.
Following an in-depth market review, PIC, the specialist UK pension insurer, has chosen FINBOURNE to help drive their data strategy across the business.
PIC will use the technology company’s financial data management platform, LUSID, and financial data virtualisation engine, Luminesce, to help manage their £45 billion portfolio.
FINBOURNE say that their services will enable PIC to “consolidate private asset, ESG, market, reference, pricing, analytics, ratings and trading data from multiple sources into a single view, streamlining operational processes”.
The firm claims that the services will streamline data consolidation from both internal and external sources. This streamlining will allow PIC to make data-driven investment decisions based on clear data lineage and improved end-to-end transparency.
Angela Pearce, chief data officer at Pension Insurance Corporation, says: “By selecting FINBOURNE’s data management solution, we are confident that we will drive our investment strategy forward, with an enhanced platform supporting our operations, now and in the future.”
Thomas McHugh, CEO and co-founder of FINBOURNE Technology, adds: “This selection is another validation of our expertise in this field, and we look forward to working closely with PIC to unlock the potential of their data.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: TimeShops 