Fund administrator Citco has launched a new data services business aimed at enabling fund managers to unlock insights for their investment and operational decisions.
The new platform will leverage cloud-based data sources to curate and present data of disparate systems in a unified manner.
The Citco Data Services platform has also developed as a self-service hub for all of Citco’s companies and business lines.
“We pride ourselves on our ability to deliver the most advanced and innovative proprietary technology solutions that make clients’ workflows more efficient and better equipped to manage today’s operational challenges. Access to data from a single source, in a modern and efficient way, is fundamental to clients’ operational needs,” said Frank Servidio, head of client reporting, Citco Fund Services.
“Citco Data Services goes one step further, empowering clients to control, explore and action their data to address their unique requirements, all within a clean, user-friendly interface.”
The firm added the platform also will be able to streamline data exchanges with third-party vendors to enrich Citco’s existing data, offering the ability to integrate external data for further enhancement.
Over the past year, Citco has made a number of investments into FinTech firms to complement its core offering and provide enhanced reporting and analytics services.
Examples include trading, risk and analytics technology provider, LightPoint, asset class portfolio management, reporting and analytics firm, Solovis, and the integration of a treasury management solution from S3.
In June last year, Citco launched a new standalone service called Citco Institutional Services (CIS), offering recordkeeping and reporting for its institutional investor clients.