Deutsche Börse Group’s post-trade services provider Clearstream has partnered with FNZ, the global wealth management platform, to launch a new business intelligence solution.
The new solution will provide asset managers with global and regional intelligence to analyse market trends, better understand market behaviour and improve decision making around fund distribution.
This service will provide asset managers with a ‘single source of truth’, aggregating data and insights to unify sales, product, risk, compliance and operational oversight functions under a single view.
In addition to the business intelligence solution, FNZ and Clearstream also aim to deliver efficiency gains to asset managers’ European fund distribution operations, enabled by Clearstream’s integrated, end-to-end fund dealing and custody solution, and FNZ’s wealth management platform.
The partnership is part of a wider effort to significantly increase transparency for the UK & European asset management industry at a time when investment distribution information is fragmented and there is very little connectivity across the industry, meaning asset managers need to seek information from wherever they distribute funds.
Adrian Durham, CEO at FNZ Group, says: “The partnership and our newly unveiled business intelligence solution will allow us to enhance our support for asset managers by dramatically increasing transparency across the entire industry. This will help us to deliver significant operational efficiencies, reduce friction and enhance the customer experience – furthering FNZ’s mission of opening up wealth and making wealth management accessible to more people.”
Philippe Seyll, CEO at Clearstream Banking S.A. and head of investment fund services, comments: “We are thrilled to have FNZ as a strategic partner to our leading Clearstream funds services.
“The new collaboration perfectly contributes to Clearstream’s endeavour to foster efficiency of financial markets, by providing high-quality data, state-of-the-art IT infrastructure and innovative services for market participants worldwide.”
