Droit and FINBOURNE forge full-stack solution for regulatory position reporting

Droit, a pioneer in computational law and regulation, partners with FINBOURNE Technology, a leading provider of cloud-based investment data management software.

The collaboration aims to introduce a comprehensive position reporting solution to address regulatory transparency requirements across global jurisdictions.

Droit stands at the forefront of computational law and regulation, offering solutions that automate decision-making processes for regulatory compliance. On the other hand, FINBOURNE Technology provides cloud-based investment data management software, empowering clients to aggregate, manage, and utilise data efficiently.

Over 100 global jurisdictions mandate position reporting, necessitating market participants to disclose equity and equity derivatives holdings to regulatory bodies. This process is intricate, time-consuming, and expensive. Droit and FINBOURNE unite forces to deliver a joint, full-stack solution enabling sell-side and buy-side institutions to manage disclosure obligations for long, short, and takeover panel reporting.

The joint offering leverages FINBOURNE’s financial data management platform, LUSID, integrated with Droit’s Position Reporting product. This collaboration ensures consistency, clarity, and accuracy in regulatory interpretations. Moreover, it streamlines workflow interactions, mitigating operational challenges.

Thomas McHugh, CEO and Co-founder, FINBOURNE Technology, said, “Integrating Droit into LUSID means that together we are able to deliver a complete solution for position reporting. This partnership enhances our ability to safeguard asset managers by making sense of shareholder disclosure data when it comes to complex trading books and provide a level of granular reporting detail that is unmatched in the industry.”

Brock Arnason, Founder and Chief Executive Officer of Droit, said, “By partnering with FINBOURNE, we are able to leverage consensus interpretation and industry best practice for position reporting for all market participants. The asset management industry can directly benefit from the experience of their sell-side counterparties.

“FINBOURNE’s platform, built specifically to support the volume and complexity of data that characterizes position reporting, integrated with our consensus-driven eligibility rules, offers firms unrivaled traceability, transparency, and auditability.”

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