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This blog post is part of a series in which I’m going to integrate each of my personal financial accounts with LUSID to get a comprehensive picture of my net worth. Something I’ve wanted to do for a long time but never had the tools to achieve.

In the first of our series of posts looking at what life is like at FINBOURNE HQ - Daria Deluermoz, one of our first graduate hires - talks through her route to FINBOURNE, her first few months in the job and what a typical day looks like.

This post is the second in a series looking at investment data management topics that come up regularly in our work with fund managers.

We’re a data driven company, we rank topics for this blog series using a system of up-/down-voting across all of our teams. One topic that was consistently upvoted was this one: "What is the true value of your IBOR (Investment Book of Record)?" But is that the right question to be asking?

While retail banks have mostly been dragged kicking and screaming into the UK government-backed Open Banking initiative, the fund investment industry should treat it as an opportunity to remove unnecessary cost, connect more closely with their customers and build better services.

Let’s have a look at three distinct lessons we've learned from Open Banking that could be applied to the investment industry.

The incoming Chief Data Officer (CDO) is transitioning into the organisation. His predecessor is "seeking exciting new opportunities outside the organisation". On his way out after the handover week the outgoing CDO hands his replacement three numbered envelopes. "Each time things get tough", he says, "open one of these envelopes."

When you decide to implement any new investment management software you need to have access to sources of market data. Before you can even begin evaluating the technology’s core functionality,  you need to source, licence, load and operate market data feeds for security static data, prices and corporate actions. That’s a lot of work before you even start testing and reviewing.

We've been in stealth mode for a while busily building LUSID and now we're ready to release our Early Access Program (EAP). Here are all the questions you might have about LUSID and some (hopefully) helpful answers. If there’s anything we haven’t addressed, please get in touch and we’ll do our best to answer.

This is the first in a series of posts looking at some of the questions we’re regularly asked about improving the investment data management process. Today we’re looking at reconciliations.