BNP Paribas’ Securities Services business announces today the launch of its new Post-Trade Data Management solutions, leveraging the Investment Data Solution (IDS) of NeoXam, a market leader in Financial Data Technology solutions, to support clients’ decision-making across the Investment Value Chain. The BNP Paribas offer enables Institutional Investors who have or will adopt NeoXam’s IDS bundle to benefit from this new service.
Operated by the expert teams of Securities Services at BNP Paribas, this new service provides the Bank’s clients with a wide range of high-end Data Management Solutions, facilitating the flexible integration of multiple Data sources into their ecosystem, all operated on NeoXam’s advanced and scalable technology.
In response to Asset Owners and Managers’ growing demand for support to help them overcome their sophisticated Data Management needs, this service offers key features to help enhance Data insights, including:
- Holistic fund view through consolidation of their public and private books and access to third-party Data sources and external platforms, clients benefit from a Cross-Asset Class, Multi-Dataset Portfolio view, irrespective of their Investment strategies or service providers. These books of record can be expanded with extra-financial Datasets, such as ESG Analytics.
- Modular use case-driven approach delivering pre-defined Books of Record to support clients’ operational processes, including Performance and Risk Analytics, Investment Operations, and Client Reporting. The service covers the full end-to-end process of capturing, normalizing, and transforming Data from a variety of sources, applying pre-agreed business rules and controls to enrich and ensure their quality, and finally distributing these Books of Record.
- Self-service capability through interactive screens enables clients to further personalize Data that is captured, standardized, aggregated, and enriched by BNP Paribas’ Securities Services teams.
- Security, Data Privacy, flexibility, and resiliency are reinforced by a federated tenant setup, a unique alternative approach to a multi-tenant setup, with dedicated client tenants that naturally segregate the Data from other clients.
Florent Fabre, CEO of NeoXam, stated: “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 a 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. We look forward to working closely with Securities Services at BNP Paribas to deliver the next stage of Data Management services.”
Arnaud Claudon, Head of Asset Owners & Managers Client Lines, Securities Services, BNP Paribas, commented: “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, standardized 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.”
