Bringing data to the front-line
From complexity to clarity: How FINBOURNE transformed a leading asset manager’s data operations
This is a game-changer. FINBOURNE’s data mastering capabilities offer the scalability we need to grow our offerings while focusing on exceptional service.
Our technical architecture is extremely complicated. With FINBOURNE we have created a single source of truth without any disruption to our operations.
Background
Founded nearly 30 years ago, an alpha-driven specialist Asset Manager catering to institutional clients and HNWIs recognised that staying ahead of the market depended on their ability to innovate and deploy cutting-edge investment strategies.
However, after decades of operation, the firm’s enterprise architecture had become highly complex, limiting their ability to onboard new asset classes, adjust strategies, and ensure efficient end-to-end processes.
The challenge
Bringing data to the front line
The Asset Manager’s legacy technology was fragmented and inefficient. It relied on 25 internal systems, 60 data repositories, and multiple third-party vendors in a highly complex tech stack. This required significant bespoke development and frequent manual intervention to produce the data outputs needed by downstream teams and systems.
As a result, the firm faced several challenges:
Preparing for the future
The firm aimed to expand its asset range and scale operations but found that its existing systems and processes couldn’t support growth without costly development and manual workarounds.
Ensuring efficiency
Legacy technology required frequent manual intervention or bespoke development to merge and master data, hindering the firm’s ability to maintain cost-effective operations.
These inefficiencies risked compromising the firm’s ability to deliver timely and accurate services to clients.
Ultimately, the firm needed to create a single source of truth for operational and investment teams, enabling them to access the information required to deliver outstanding client service.
The solution
After a competitive tender process, the firm selected FINBOURNE to provide a scalable, future-proof solution:
EDM+
FINBOURNE’s EDM+ ingests data from all the firm’s sources and systems, mastering it into a single source of truth through a highly automated process. This data is supplied to downstream teams and systems, including their IBOR and ABOR, enabling fast start-of-day and end-of-day reporting. The implementation process leveraged FINBOURNE’s pre configured APIs, ensuring seamless integration with existing workflows and minimal disruption.
Luminesce
The firm leverages this data virtualisation engine to access and use data across business applications, including investment operations, HR, and CRM systems. This enables efficient reporting and seamless management of their expanding asset classes while empowering decision-making through advanced analytics.
Why they chose FINBOURNE
Comprehensive data mastering
FINBOURNE was the only vendor capable of integrating such a vast array of data sources and presenting them in a unified, understandable manner.
Flexibility
The suite of APIs and extensive documentation allowed the firm to adapt the solution to fit its specific needs.
Scalability
FINBOURNE’s cloud-based infrastructure enables the firm to pursue its growth ambitions without being constrained by legacy technology.
The Outcome
Cost savings
Decommissioning 20 legacy systems has delivered significant cost savings, freeing up resources to focus on strategic initiatives such as expanding client services and product innovation.
Portfolio diversification
The firm has gained the flexibility to expand into new and more complex asset classes without being hindered by its previous infrastructure.
Scalability
Automation has enabled the firm to scale operations significantly, reducing manual workloads and improving operational efficiency.
Improved client service
Teams now provide clients with real-time, accurate information on their holdings, enhancing trust and positioning the firm as a leader in transparency.
