back Back

Fidelity International onboards Finbourne’s Lusid platform

By Joy Dumasia

July 23, 2021

  • Europe
  • Fidelity
Share

Fidelity International (Fidelity) has selected Finbourne to drive its data strategy for its global asset management business, to address the growing need to prioritise data as a strategic asset and better serve its clients with new growth initiatives.

Finbourne, the investment management technology solutions start-up established in 2016, has also received a strategic investment from Fidelity International Strategic Ventures, a dedicated venture capital team at Fidelity, in a recent funding round alongside several other undisclosed investors.

Finbourne was created with a mission to reduce the cost of investing and increase transparency by providing a scalable cloud-based common infrastructure for the investment community. By delivering open Application Programming Interfaces (APIs) and feature-rich tools like Lusid and Luminesce, Finbourne helps solve buy-side clients’ data and portfolio management problems.

Finbourne’s Lusid platform is a cloud-native, API-centric architecture, specialising in simplifying complex data hierarchies for enhanced control, performance and insight. Lusid enables asset managers to ingest, aggregate, and distribute data to their entire organisation and allows for extensible calculations across functions such as risk and performance and sharing all of this with clients.

Thomas McHugh, CEO of Finbourne Technology, said: “Today’s announcement is an important step-forward in Finbourne’s vision to create and install a foundation technology across the investment industry. We’ve known and partnered with Fidelity for a number of years, and the brand has always been synonymous with quality and consistency. We are, therefore, delighted their focus on true innovation led them to us for their core asset management technology globally. We look forward to continue working with them on their data strategy, helping to support their clients.”

Previous Article

July 23, 2021

Spendesk secures €100M in Series C funding led by General Atlantic

Read More
Next Article

July 23, 2021

Fiserv integrates fraud prevention solution from Vesta in Mexico

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Europe

Why predictive AI is a critical necessity in the field of cybersecurity

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

4 Open Banking platforms shaping the future of financial data in the US

Read More

Today

GSB partners with cash deposit platform Flagstone International

Read More

Today

The Deep dive: Open Banking Vs BNPL

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023