Financial Tech Firm Finastra Partners with Alygne on ESG Data

Finastra, a financial services tech stack provider, has announced a partnership with Alygne to provide “tailored ESG alternative data” to assist asset managers interested in ESG investments.

Fabien Féron, Senior Product Manager at Fusion Invest at Finastra, said that making investments that align with values is front and center for asset managers but there is a lack of data and metrics that make this difficult. Féron said that Alygne’s data can help managers check the impact of trade simulations for both public and private markets.

Alygne is described as a sustainability technology platform making ESG-related alternative data accessible. It is said to quantify ESG scores of various facets using natural language processing and machine learning to read global news, social posts and corporate announcements. Alygne operates alongside metrics used in global reporting frameworks, such as Sustainable Finance Disclosure Regulation (SFDR) and Sustainability Accounting Standards Board (SASB) standards.

Corinne Grillet, CEO at Alygne, said that both retail and institutional clients can use the data to promote ESG to their end customers.

“Our collaboration with Finastra combines best-of-breed portfolio management with advanced ESG analytics to support the global agenda of powering value-driven investments.”

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