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This new strategic partnership offers the best investment accounting solutions integrated with custody services
BOISE, Idaho, March 20, 2023 /PRNewswire/ — Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based analytics, reporting, accounting and investment management solutions, today announced a new services partnership with the BNP Paribas Securities Services business, a global specialist in multi-asset services with €11.1 trillion in assets under custody and €2.3 trillion in assets under management1, to offer investment accounting and reporting solutions combined with the bank custody services. BNP Paribas Securities Services is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy and sell market participants, corporations and issuers.
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 in the bank’s custody network. more than 90 markets around the world. Joint customer INTÉRIALE Mutual is already taking advantage of the combined offer.
“This is an opportune time for asset owners struggling with hard-to-use legacy systems to open the door to the best modern solution that can achieve measurable business impact at speed and scale,” said Arnaud Claudon, director of product lines. clients of asset managers and asset owners, securities services at BNP Paribas. “We are delighted to offer robust and end-to-end solutions dedicated to institutional clients through this collaboration with Clearwater, efficiently combining banking and non-banking services. It reinforces our strategic ambition to complement our core offering with best-in-class specialty providers.” .
Clearwater’s end-to-end investment data management and reporting solution is ideal for insurance providers and organizations seeking a “single pane of glass” view of their investment portfolios to act on investment allocation data. capital in seconds and enable multi-asset class reporting, daily aggregation, reconciliation and ledger. Backed by a global customer service team, Clearwater facilitates a streamlined onboarding process and quick account setup for its growing customer base in the United States, Europe, and Asia.
“We believe this joint collaboration with BNP Paribas is an ideal onramp for asset owners to take advantage of growth opportunities in their investment portfolios,” said Gayatri Raman, president of Europe at Clearwater Analytics. “We invite asset owners to explore our powerful, innovative solution that takes full advantage of 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 major markets.”
To learn more about Clearwater Analytics, talk to an expert today.
About Securities Services at BNP Paribas ( securities.cib.bnpparibas)
BNP Paribas’ 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, corporations and issuers. With a global reach covering more than 90 markets, its custody network is one of the most extensive in the industry, enabling clients to maximize their investment opportunities around the world.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), an industry-leading global SaaS solution, automates the entire investment lifecycle. With a single-tenant and multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Every day, top insurers, asset managers, corporations and governments use Clearwater’s trusted data to drive scalable and efficient investments in 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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