Droit partners with FINBOURNE to deliver end-to-end position reporting solution
30 April 2024 UK
Image: tadamichi
Droit has partnered with FINBOURNE to launch an end-to-end position reporting solution in an effort to increase regulatory transparency.
The new offering will leverage FINBOURNE’s financial data management platform LUSID (Liberated Unified Secure Investment Data-Machine), embedded with Droit’s Position Reporting product, which delivers clear determination of reporting obligations based on consensus interpretations of requirements from Endoxa.
With FINBOURNE's data transformation capabilities, the new end-to-end solution maps the multiple data inputs needed to evaluate reporting obligations and simplifies workflow interactions via an intuitive interface, mitigating operational, cost, and complexity challenges.
Thomas McHugh, CEO and co-founder, FINBOURNE Technology, says: “Integrating Droit into LUSID means that together we are able to deliver a complete solution for position reporting.
“This partnership enhances our ability to safeguard asset managers by making sense of shareholder disclosure data when it comes to complex trading books and provide a level of granular reporting detail that is unmatched in the industry."
Brock Arnason, founder and CEO of Droit, comments: “By partnering with FINBOURNE, we are able to leverage consensus interpretation and industry best practice for position reporting for all market participants. The asset management industry can directly benefit from the experience of their sell-side counterparties.”
The new offering will leverage FINBOURNE’s financial data management platform LUSID (Liberated Unified Secure Investment Data-Machine), embedded with Droit’s Position Reporting product, which delivers clear determination of reporting obligations based on consensus interpretations of requirements from Endoxa.
With FINBOURNE's data transformation capabilities, the new end-to-end solution maps the multiple data inputs needed to evaluate reporting obligations and simplifies workflow interactions via an intuitive interface, mitigating operational, cost, and complexity challenges.
Thomas McHugh, CEO and co-founder, FINBOURNE Technology, says: “Integrating Droit into LUSID means that together we are able to deliver a complete solution for position reporting.
“This partnership enhances our ability to safeguard asset managers by making sense of shareholder disclosure data when it comes to complex trading books and provide a level of granular reporting detail that is unmatched in the industry."
Brock Arnason, founder and CEO of Droit, comments: “By partnering with FINBOURNE, we are able to leverage consensus interpretation and industry best practice for position reporting for all market participants. The asset management industry can directly benefit from the experience of their sell-side counterparties.”
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