BNP Paribas Securities Services has launched a new range of post-trade data management services in partnership with NeoXam, a financial data technology solutions provider.
Powered by NeoXam’s Investment Data Solution (IDS), the new services are designed to enhance clients’ decision-making processes across the investment value chain.
The new post-trade data management services offering, managed by BNP Paribas’ securities services team, will offer a range of high-end data management solutions for the bank’s clients.
The collaboration facilitates the integration of multiple data sources into the client’s ecosystem, all operated on NeoXam’s technology.
NeoXam CEO Florent Fabre said: “The collaboration with BNP Paribas combines the best of two worlds — the extensive business expertise of their Securities Services teams, along with our leading Investment Data Solution (IDS).
“We see huge opportunity for our IDS platform to support BNP Paribas’ innovative service, particularly in providing their clients with the scale of data sources and the flexibility they need.”
According to BNP Paribas, the new service offering is tailored to meet the growing demands of asset owners and managers who face increasingly complex data management requirements.
The key features of the new service include a holistic fund view, which consolidates public and private asset books and integrates third-party data sources and external platforms.
This allows clients to gain a cross-asset class, multi-dataset portfolio view, irrespective of their investment strategies or service providers.
BNP Paribas’s new service also adopts a modular approach, offering pre-defined books of record to support operational processes such as performance and risk analytics, investment operations, and client reporting.
The solution covers the entire end-to-end process, from capturing and normalising data from various sources to transforming and applying pre-agreed business rules to ensure the data’s quality.
Additionally, a self-service capability has been integrated into the offering, enabling clients to personalise the captured, standardised, and aggregated data according to their needs.
Security and data privacy are fundamental components of the service, said BNP Paribas.
The bank has implemented a dedicated client tenant setup, which naturally segregates client data from other users.
BNP Paribas asset owners and managers client lines and securities service head Arnaud Claudon said: “The launch of this new service, taking advantage of NeoXam’s market-leading technology, is part of our core ambition to be a trusted data-led custodian for our clients.
“Providing a holistic, standardised view on portfolios across different asset classes and multiple datasets marks a major step forward in the way we can empower our clients to make more accurate and informed investment decisions.”
