Broadridge Financial Services has enhanced its Performance Reporting platform by partnering with StatPro.
The FinTech has formed a strategic partnership with StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry. This will enhance existing Broadridge Performance Reporting platform, which allows clients to receive customised daily performance calculations.
“As Broadridge expands its investment management capabilities for its growing base of asset management clients, we are investing in partnerships that we believe will provide the analytics and tools our client base requires,” said Eric Bernstein, head of Broadridge’s asset management solutions.
“With its connections to index data providers and aggregators, StatPro will help provide data we believe will add significant value to our clients.”
StatPro provides analytics for alternative and traditional asset managers. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk, and compliance. This platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.
Regulations, like the AIFM Directive in 2014, are putting increasing pressure on asset managers in the field of portfolio compliance monitoring.
To assist, StatPro provides compliance monitoring, which is designed for UCITS and AIFMD regulations, responding to ESMA guidelines and reflecting ALFI, CSSF and FCA inputs. It claims to help manage all regulated funds on a single analytics platform with data included. The company also provides risk compliance analytics, provides fast and flexible risk reporting with extended asset class coverage to enable a more transparent illustration of risk exposure and value at risk.
Justin Wheatley, CEO at StatPro, added: “Broadridge has proved itself to be a leading provider in this market and we are proud to partner with them to provide their clients with our full range of portfolio analytics ranging from performance measurement to risk management tools, including complex fixed income analysis using StatPro Revolution: our super-scalable cloud-based portfolio analytics platform.”
Earlier this year, Santander and Broadridge Financial Solutions completed a first practical use of blockchain for investor voting. The bank and the Global FinTech leader said the implementation of a solution that employs blockchain technology enhances global proxy vote transparency and increases operational efficiency, security and analytics.
The announcement came just days after Broadridge purchased FundAssist Limited, a regulatory, marketing and sales solutions service provider.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
