Temenos collaborates with Bloomberg 14 January 2019Geneva Reporter: Maddie Saghir
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Temenos has collaborated with Bloomberg to deliver contingency Net Asset Value (NAV) calculations to buy-side institutions.
The company will make its Temenos Multifonds Global Accounting product accessible via the Bloomberg Terminal.
It will operate with data, analytics and other investment workflow services Bloomberg offers.
The offering allows asset managers to generate NAV estimates independent of and in parallel to their fund administrators.
According to Temenos, this enables accurate daily oversight and ensures continuity of operations in the event of outages.
Jean-Paul Zammitt, global head of financial products, Bloomberg, said: “This strategic collaboration with Temenos enables us to help buy-side firms meet their need for dependable and independent NAV oversight, to support operational contingency plans and satisfy investors.”
“By combining Temenos’ distinctive accounting capabilities with Bloomberg's data and services, we will provide asset managers with a more comprehensive investment lifecycle workflow, support their relationships with fund administrators, and pave the way to deliver additional innovative solutions to buy-side institutions in the future.”
Max Chuard, CFO and COO, Temenos, commented: “We are excited to partner with Bloomberg, whose capabilities and expertise in the buy-side space are proven and trusted.”
“For Temenos there is the opportunity to grow our reach among asset managers, who already use Bloomberg’s buy-side solutions, as well as alternative investment segments such as hedge funds.”
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