Strategic agreement to build-out solution enabling in-house and third-party vendors to manage client-portfolios via cloud access.
NEW YORK/LONDON – 16 July 2018 – Thomson Reuters today announced a partnership agreement with London-headquartered FINBOURNE Technology to use FINBOURNE’s cloud-based advanced investment management platform, LUSID®, for Thomson Reuters client and transaction data. LUSID is an event-based ledger with published APIs that allow in-house and third-party solutions to interface with portfolios, holdings or transactions. The partnership is designed to benefit customers by offering increased cost efficiency, better management of data used for compliance efforts and bolster struggling legacy investment-management systems. It builds on Thomson Reuters open-platform strategy, which seeks to meet customer needs by providing open access to in-house solutions as well as to partnered solutions.
Thomson Reuters clients will use LUSID to manage their portfolios and transactions data as well as benefit from Thomson Reuters comprehensive services like portfolio construction, trade execution, and risk management. LUSID provides a single source of information for portfolio data, using a flexible and secure model for persistence of transaction history and referential data, combined with an efficient calculation and aggregation engine providing access to current and historical positions, valuations and other analytics. The one-of-a-kind system is bi-temporal, allowing users to view the portfolio data as it was at any point in the past.
“Our customers depend on us to provide the insights, data, and advanced technological solutions needed to gain a competitive advantage,” said Pradeep Menon, managing director, global head of Investing & Advisory, Thomson Reuters. “Partners such as FINBOURNE will help fuel the long-term success of our customers. Our partnership with FINBOURNE will enable our customers to manage currently disparate capabilities giving them a cloud-based ‘single source of truth’ for all portfolio and transaction data so that any change or update that occurs will be reflected in all products or applications in real-time.”
Dermot Shortt co-founder of FINBOURNE said: “Thomson Reuters is a superb partner for FINBOURNE. We share a common vision for the future state of investment management infrastructure, based on interoperability and open platforms. This is the beginning of a new era for our clients.”
About FINBOURNE Technology
FINBOURNE Technology Ltd develops advanced financial software for the asset management industry. We create data systems to enhance the availability and utility of information, to simplify user access and reduce operating and capital costs. www.finbourne.com. To find out more about FINBOURNE Technology’s team, please visit https://www.finbourne.com/team
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.