SIX, FundGuard to Enable Integrated Data Access in Investment Accounting

According to FundGuard, its SaaS investment accounting platform “enables clients to leverage modern cloud and AI capabilities reducing costs, automating workflows, and driving an increased customer experience with access to meaningful data in real-time.”

The partnership “integrates SIX’ end-of-day market prices, core security master data and corporate actions notifications offering seamless access to clients using FundGuard’s IBOR, ABOR and NAV Contingency solutions.”

Other ESG, Fund Compliance, and regulatory-driven data sets from SIX will also “be available through the investment accounting platform.”

Investment organizations increasingly “face multifaceted business challenges including fees and cost pressures, a constantly evolving regulatory environment, increased competition and restrictions imposed by legacy software.”

SIX and Fundguard’s approach offering best-of-breed access “to both technology and data allows organizations to adapt and scale on-demand managing these challenges head-on.”

Shai Popat, Head Product & Commercial Strategy, Financial Information at SIX, said:

“The partnership we have developed with FundGuard allows our mutual clients to embrace the new data economy with agile technology and high-quality data. Our shared focus on using collaboration and innovation is centre to solving market challenges and future proofing our clients operations.”

Lior Yogev, FundGuard CEO and Co-Founder, said:

“Modern trading, front office, and dashboards cannot function efficiently without accurate and highly controlled data that is consistently, immediately, and seamlessly integrated across all touch points. By integrating the leading data and services from SIX with FundGuard’s cloud-native front-to-back and cross-industry operating model, our common clients will benefit from better data, better analytics and the ability to scale quickly – all while reducing total cost of ownership and removing operational silos.”

As covered last year, the Switzerland Stock Exchange (SIX) has successfully completed the acquisition of Clearstream’s 50% stake “in REGIS-TR, which has now become a 100% owned SIX company.”

REGIS-TR, consisting of REGIS-TR S.A. and REGIS-TR UK Ltd, has a portfolio of more than 2,000 European customers across over 40 different countries.

As mentioned in the update, REGIS-TR is a European trade repository “for reporting trades and transactions across multiple product classes and jurisdictions, open to financial and non-financial institutions.”

The joint venture between BME’s Iberclear and Deutsche Börse’s Clearstream was “founded in 2010 and has successfully grown into a leading European trade repository with more than 700 million trade messages processed monthly.”

As a response to Brexit, REGIS-TR UK was “incorporated in 2019, so that REGIS-TR could maintain a continuous reporting service for the UK client base.”

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