BNP Paribas taps Confluence to automate Private Capital reporting

By Gloria Methri

Confluence, a global provider of regulatory, analytics, and investor communications solutions, has announced that BNP Paribas’ Securities Services business will use its Unity Financial Reporting platform to support services for its Private Capital clients.

The leading asset servicer will leverage Confluence’s solution to boost operational efficiency and automate financial reporting for its expanding Private Capital services. By adopting Unity Financial Reporting, BNP Paribas aims to eliminate manual processes, streamline reporting workflows, and deliver a unified user experience for teams across its global operations.

This move is in line with BNP Paribas’ strategy to modernise its financial reporting infrastructure, creating a consistent, automated framework to support the rapid growth of its private capital business.

“As a leading asset servicing partner, we are committed to using technology to enhance our reporting processes and deliver greater efficiency for our clients,” said Laurent Durdilly, Global Head of Private Capital, Securities Services, BNP Paribas. “Confluence’s Unity Financial Reporting is a best-of-breed solution that will enable us to automate workflows further, reduce complexity, and scale our reporting capabilities globally.”

Unity Financial Reporting is a scalable and adaptable global platform that caters to all fund segments, from the traditional Investment Company Act of 1940 and UCITS to alternatives. It reduces reliance on spreadsheets and manual workarounds, helping firms streamline compliance with evolving regulatory demands.

“As the demand for automation in financial reporting grows, we are excited to support BNP Paribas’ Securities Services business in optimising operations,” said Todd Moyer, President and Chief Operating Officer at Confluence. “Unity Financial Reporting enables firms to enhance efficiency, reduce costs, and improve the end-client experience across multiple markets.”