Clearwater taps BNP Paribas to combine investment accounting/reporting solutions with custody
“We invite asset owners to explore our powerful, game-changing solution that fully leverages our award-winning technology platform and BNP Paribas’ suite of custody activities. Together with BNP Paribas, we aim to extend this solution to our key core markets.”
Clearwater Analytics has partnered with BNP Paribas’ Securities Services business, a global multi-asset servicing specialist with EUR 11.1 trillion in assets under custody and EUR 2.3 trillion in assets under administration, to offer investment accounting and reporting solutions combined with the bank’s custodian services.
Securities Services at BNP Paribas is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates, and issuers.
Multi-asset-class, daily aggregation, reconciliation, and book-of-record reporting
Clearwater is a provider of SaaS-based investment management, accounting, reporting, and analytics solutions. The collaboration combines Clearwater’s end-to-end investment lifecycle solutions with BNP Paribas’ Securities Services for opportunities with asset owners across the bank’s custody network of over 90 markets globally.
The solution for investment data management and reporting is ideally suited for insurance providers and organizations seeking a “single pane of glass” view of their investment portfolios in order to act on capital allocation data in seconds, and enable multi-asset-class, daily aggregation, reconciliation, and book-of-record reporting.
Clearwater facilitates a streamlined onboarding process and fast account set-up for its growing client base in the U.S., Europe, and Asia, according to the firm which has already onboarded a joint customer with BNP Paribas: INTÉRIALE Mutual.
“Ideal on-ramp for asset owners to act on growth opportunities”
Arnaud Claudon, Head of the Asset Managers and Asset Owners Client Lines, Securities Services at BNP Paribas, said: “This is an opportune moment for asset owners that struggle with difficult-to-use legacy systems to open the door to a modern best-of-breed solution that can achieve measurable business impact at speed and scale. We are delighted to offer robust and complete solutions dedicated to institutional clients through this collaboration with Clearwater, efficiently combining banking and non-banking services. It does strengthen our strategic ambition to complement our core offering with best-in-class specialised providers.”
Gayatri Raman, President, Europe at Clearwater Analytics, commented: “We believe this joint collaboration with BNP Paribas is an ideal on-ramp for asset owners to act on growth opportunities across their investment portfolios. We invite asset owners to explore our powerful, game-changing solution that fully leverages our award-winning technology platform and BNP Paribas’ suite of custody activities. Together with BNP Paribas, we aim to extend this solution to our key core markets.”
