New Collaboration Offers Best-of-Breed Investment
Accounting Solutions Integrated with Custodian Services
BOISE, Idaho, March 20, 2023 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced a new services partnership 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 administration1, 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.
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This collaboration combines Clearwater Analytics distinctive
value proposition and end-to-end investment lifecycle solutions
with BNP Paribas' Securities Services business solutions and opens
business opportunities with asset owners across the bank's custody
network of over 90 markets globally. Joint customer INTÉRIALE
Mutual is already taking advantage of the combined offering.
"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," said Arnaud
Claudon, Head of the Asset Managers and Asset Owners Client
Lines, Securities Services at BNP Paribas. "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."
Clearwater's comprehensive
solution for investment data management and reporting is ideally
suited for insurance providers and organizations seeking a "single
pane of glass" view to 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. Backed by a global client servicing team,
Clearwater facilitates a
streamlined onboarding process and fast account set-up for its
growing client base in the U.S., Europe, and Asia.
"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," said Gayatri Raman, President, Europe at Clearwater Analytics. "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."
To learn more about Clearwater Analytics, speak to an expert
today.
About Securities Services at BNP
Paribas (securities.cib.bnpparibas)
BNP Paribas's Securities Services business 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. With a global reach covering 90+ markets, its custody
network is one of the most extensive in the industry, enabling
clients to maximise their investment opportunities worldwide.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers award-winning investment
portfolio planning, performance reporting, data aggregation,
reconciliation, accounting, compliance, risk, and order management.
Each day, leading insurers, asset managers, corporations, and
governments use Clearwater's
trusted data to drive efficient, scalable investing on more than
$6.4 trillion in assets spanning
traditional and alternative asset types. Additional information
about Clearwater can be found
at clearwateranalytics.com.
1 As of 31/12/2022.
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