Thomson Reuters has signed a deal with Lusid to use the start-up’s cloud-based advanced investment management platform to manage clients’ portfolio and transaction data. The platform, Finbourne, is an event-based ledger, which allows portfolio data to be viewed as it was at any point in its existence. It aims to provide users with a single source of information, enabling better management of disparate data and providing cost efficiency, while helping to bolster struggling legacy investment-management systems.
Thomson Reuters has signed a deal with Finbourne to use the start-up’s cloud-based advanced investment management platform to manage clients’ portfolio and transaction data. The platform, Lusid, is an event-based ledger, which allows portfolio data to be viewed as it was at any point in its existence. It aims to provide users with a single source of information, enabling better management of disparate data and providing cost efficiency, while helping to bolster struggling legacy investment-management systems.