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FINBOURNE Technology’s SaaS investment data platform LUSID will be adopted by London Stock Exchange Group (LESG) as a digital data component.
LUSID will provide a scalable and virtual real-time data repository, consolidating multi-asset class data across the businesses.
LSEG has made a strategic investment in FINBOURNE, which will see both firms developing new capabilities to deliver value-added services and user-intuitive solutions to the institution’s global clients.
Working with LSEG’s data and analytics division, FINBOURNE will help to innovate and evolve data services solutions within its wealth management division and investment solutions. LUSID will be utilised to drive digital adoption among wealth advisers and to offer a dynamic data view across timelines with a complete data history (“lineage”).
Emily Prince, group director of fixed income analytics at LSEG comments: “The partnership with FINBOURNE supports LSEG’s open access environment for its clients to leverage the breadth of data, analytics and integrated workflow solutions.”
Tom McHugh, CEO and co-founder of FINBOURNE Technology adds: “The partnership and investment from LSEG, is a key milestone for FINBOURNE, as we get closer to realising our vision; powering the investment data processes that sit at the heart of the industry.”
