Confluence Technologies, Inc., an international tech solutions provider assisting the investment management sector with addressing complex investment data challenges, has announced it has “secured a multi-year agreement” with FundHero S.A., a Luxembourg-headquartered fund service company, that will “combine Confluence’s Cloud-based Revolution platform with its own technology to provide clients with an exclusive managed software offering.”
As mentioned in the announcement, FundHero is a service provider that leverages the latest tech and expertise to “support fund companies as they optimally position themselves for compliance in an increasingly complex regulatory environment.”
The firm has chosen Confluence’s Revolution platform to offer a solution “compliant with the Undertakings for the Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund (AIF) frameworks,” the update explained.
As noted in a release:
“With a focus on risk and regulatory oversight, this enhancement will enable FundHero to provide a full suite of services to a variety of companies in Luxembourg and Germany, including a large global custodian bank.”
Revolution’s ability to offer risk and regulatory capabilities, along with performance measurement and attribution analysis, offers clients “an integrated experience with robust data control and validation tools within a scalable Cloud-based environment.” The update further noted that the combined offering “means clients can outsource all their regulatory risk reporting needs, allowing them to focus on what is most important, adding value for their own clients.”
Todd Moyer, Confluence’s President and Chief Operating Officer, stated:
“Confluence is excited to become a valued partner with FundHero, as we help them deliver cutting edge risk, regulatory and reporting solutions to fund administrators. Pairing our Revolution platform with FundHero’s managed service solution presents a unique opportunity for our firms to deliver unprecedented capabilities to fund managers.”
Heiko Hector, Founding Executive Director of FundHero, remarked:
“In previous positions, I had seen the power of Revolution and I was excited at the opportunity to partner with Confluence to provide these services to our clients. We’re looking forward to working with the Confluence team to provide unparalleled software and service to our clients.”
As mentioned in a release, Revolution is a Cloud-powered platform, providing analysis of portfolio performance, attribution, risk and compliance. It assists customers with lowering overall costs, enhance client communication and control investment decisions.
As covered, Confluence is a global tech solutions provider to the investment management industry, Confluence assists clients with addressing complex investment data challenges “across the front, middle and back office.”
From innovative portfolio analytics to regulatory and financial reporting solutions, Confluence “invests in the latest technology and data and in its team of industry experts to meet the evolving needs of asset managers and service providers.”
With head offices in Pittsburgh, PA, Confluence services more than 400 clients in 40 countries.