Confluence Technologies has partnered with fund service company FundHero S.A. to combine its compliance technology with Confluence’s cloud-based Revolution platform to administer an exclusive managed software offering. Revolution provides risk and regulatory capabilities, as well as analysis of portfolio performance, attribution, risk and compliance, to allow users to reduce costs, streamline client communication and control investment decisions. The solution offered by the Revolution platform of the global technology solutions provider will be compliant with both the Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund (AIF) frameworks. This will allow FundHero to provide a comprehensive suite of outsourced risk and regulatory reporting services to its client base in both Luxembourg and Germany. Todd Moyer, president and chief operating officer at Confluence, comments: “Confluence is excited to become a valued partner with FundHero, as we help them deliver cutting edge risk, regulatory and reporting solutions to fund administrators.” “Pairing our Revolution platform with FundHero’s managed service solution presents a unique opportunity for our firms to deliver unprecedented capabilities to fund managers.” Heiko Hector, founding executive director of FundHero, adds: “I was excited at the opportunity to partner with Confluence to provide these services to our clients. We are looking forward to working with the Confluence team to provide unparalleled software and service to our clients.” The partnership follows Confluence’s recent acquisition of Compliance Solutions Strategies to provide Software-as-a-Service-driven technology solutions within the investment management community.
