FINBOURNE Five, Investment Technology
Delivering safer, better and faster data with the Modern Financial Data Stack
Welcome back to FINBOURNE Five, a series succinctly covering core data management approaches and concepts in five minutes or less. In this latest piece, we explore the makeup of FINBOURNE’s Modern Financial Data Stack (MFDS), its ability to de-risk operational change and importantly, how it can future-proof investment operations, to fuel growth.
What is FINBOURNE’s Modern Financial Data Stack?
While some incumbent providers in the space are undertaking a ‘lift and shift’ approach to the cloud, FINBOURNE’s cloud-native Modern Financial Data Stack offers an evolutionary and interoperable approach to data management.
Forming a robust data fabric, built upon AWS cloud infrastructure, the MFDS empowers firms with instantaneous access to trusted investment data, so you can understand and derive value from the data that sits in the organisation.
The MFDS comprises of three core layers, with a range of SaaS-native capabilities, including an extensible data model and built-in financial sense. While an API-first approach offers open integrations to external innovation and emerging technologies, helping you to augment processes and outsource non-differentiating activities.
How does the Modern Financial Data Stack help Capital Markets Firms?
In a market with heightened volatility, legacy architectures and duplicated interfaces, the cost of operating at a faster pace of change is now becoming far too challenging for many firms to sustain.
The MFDS offers firms a safer SaaS-native path to technology innovation, enabling you to focus on the core of your business. Firms can start small with mission critical areas, realise value quickly and build the business case for further change. It’s operational change on your terms and it’s what we believe will drive the process of improving efficiency and transparency in capital markets.
It also means firms can manage the data chaos from day one and not in 3-5 years’ time. Taking an empathetic approach, the MFDS makes sense of the technology investment you’ve already made to date, rather than adding to infrastructure complexity.
By integrating with and opening up the existing operational stack and wider ecosystem, you can efficiently leverage clean, interoperable data across functions, while eliminating manual workarounds, data duplication and silos.
Additionally, rather than mandate a data model (as many front-to-back systems do), the MFDS delivers the means to migrate between data models, enabling you to flexibly translate and interpret data on your own terms – this is crucial to breaking the single vendor dependency that has handicapped the industry for so long.
How does the Modern Financial Data Stack fuel growth?
Capital markets firms are reaching a critical point, with many firms struggling to bridge the gap between the current architecture and the future state desired. The following desired outcomes, are where the MFDS can prove most beneficial, enabling you to win back productivity and operating margins in the shortest time:
• Greater granularity and transparency across public and private assets
• Demonstrating more value to investors through a digitalised client experience
• Increasing flexibility, to promptly respond to economic and geopolitical shocks
• Regaining control of operational efficiencies to reduce costs and risk
• Liberating employees and leveraging available talent and skills to support growth
As firms grow and markets change, the MFDS forms a vital hub that adapts and evolves, enabling firms to achieve trust, flexibility and resiliency, while reducing operational, reputational and human cost.
By regaining control of operational efficiencies through incremental change, firms can also liberate employees so they can regain motivation and focus on the high value tasks that will generate the most value for clients, support growth and drive the business forward.
Some of the world’s largest financial institutions are already using the MFDS to support strategic objectives and deliver tangible benefits to their operations.
For further details on FINBOURNE’s Modern Financial Data Stack, please get in touch below:
Discover FINBOURNE’S Modern Financial Data Stack (Finbourne.com)
Get our top content on data strategy for the investment world in your inbox regularlySubscribe
Subscribe to our newsletter
Get stories like this in your inboxSign up
FINBOURNE Interviews Julia Streets, CEO of Streets Consulting, tech champion and host of the DiverCity Podcast
Introducing FINBOURNE Horizon
FINBOURNE and Tumelo partner to help fund managers reflect investor’s voting interests