Fidelity International , HSBC Securities partners and Altana Wealth are among the financial institutions that have joined a design council set up earlier this month by UK firm Finbourne to develop its cloud - based investing platform , Lusid . The money managers will help refine the features of the platform so it can be used to replace in - house software and hardware , according to a statement from Finbourne . The company is hoping its platform can reduce transaction costs for asset managers while improving the quality of information they use .
Fidelity International, HSBC Securities Services and Altana Wealth are among the financial institutions that have joined a design council set up earlier this month by UK fintech Finbourne to develop its cloud-based investment platform, Lusid. The money managers will help refine the features of the platform so it can be used to replace in-house software and hardware, according to a statement from Finbourne. The fintech is hoping its technology can reduce operating costs for asset managers while improving the quality of information they use.