Northern Trust picks FINBOURNE for data services 28 February 2024UK Reporter: Lucy Carter
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Northern Trust has selected FINBOURNE Technology to support its digital transformation.
FINBOURNE’s cloud-native financial data management solution LUSID, and its financial data visualisation engine Luminescence, will be used to modernise Northern Trust’s valuation and reporting functions.
Data will be loaded into LUSID through Luminescence, allowing for automated validation and analysis of activity.
As part of its broader digitalisation journey, FINBOURNE’s services will be integrated into Northern Trust’s operations via a data mesh approach. Through system interoperability, valuations and key data will be available in near real-time.
FINBOURNE’s services will be delivered through the Matrix Data Platform, which will act as a new “digital backbone”.
Kelley Conway, head of corporate and digital strategy at Northern Trust, says: “Our digitisation journey is focused on democratising data in ways that unlock meaningful value for clients.
“FINBOURNE’s LUSID platform, built specifically to support the volumes and complexity of data that characterise our business, is an exciting step in this broader journey that will help us partner with clients on the innovations that matter most to them.”
Thomas McHugh, CEO and co-founder of FINBOURNE Technology, comments: “We are pleased to welcome Northern Trust to our growing list of clients. We look forward to supporting them as they future proof their data strategy.”
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