Financial technology firm Arcesium and investment management technology provider Confluence have partnered on a new solution aimed at optimising the middle- and back- office.
The partnership launched the integrated data management and analytics solution for asset managers in order to foster workflow efficiency in performance, risk and regulatory reporting.
In practice, the solution combines Confluence’s StatPro Analytics – which includes investment analytics related to performance, attribution, risk, GIPS, among others, with Arcesium’s Financial Data Stack modules and cloud-native data management platform – Aquata.
Arcesium launched Aquata in April, aimed at institutional asset managers, private market investors, custodians, fund administrators, prime brokers and hedge funds.
Mahesh Narayan, segment head for institutional asset managers at Arcesium, said: “This partnership enables Arcesium’s clients to benefit from Confluence’s advanced performance, attribution, risk, GIPS, and other investment analytics to help streamline workflows and improve decision making.”
According to the businesses, the consolidated offering presents a lower cost option – available as a technology solution or a fully managed service.
Damian Handzy, managing director of Confluence Analytics, highlighted how integration can lead to improved client experience and the ability for users to make better investment decisions.
“Facing tighter regulations and competition, asset managers with benefit from Confluence and Arcesium’s new integrated solution with streamlined data management, coupled with powerful performance and risk analytics,” he said.
Arcesium and Confluence partner on new buy-side solution
The launch comes as the sector continues to face tighter regulations and competition with the two firms aim to optimise the middle- and back-office.