Summary

FINBOURNE Technology was founded in December 2016 with a mission to reduce the cost of investing and increase transparency and trust in capital markets. In six years, we have grown from seven founders to over 200 employees, with operations in North America and Asia-Pacific. Our interoperable, SaaS-native solutions LUSID®, LUSID PMS™ and Luminesce® are designed to liberate, simplify and connect data, reducing operational complexity and empowering everyone from emerging hedge funds to established global investment and banking institutions.

Description of fintech solution

Our Modern Financial Data Stack provides next generation architecture, to support trading, risk, finance and regulatory reporting. Solving enterprise-wide data accessibility, data trustworthiness and data timeliness challenges, our scalable platform minimises compliance risk and reduces total cost of ownership, all while future-proofing operations.

Delivering an evolutionary Modern Financial Data Stack, we offer cutting-edge infrastructure that sits at the heart of global capital markets. FINBOURNE is trusted by some of the world’s leading financial services firms, including Fidelity International, London Stock Exchange Group, Baillie Gifford and Railpen.

Describe your key innovations

Built as a bitemporal engine and using open APIs, our flagship platform LUSID® ingests and translates multiple data sets across organisations’ existing operational stack and wider ecosystem. The SaaS-native data platform also supports core investment functionality, from IBOR, ABOR and tax-lot accounting to valuation and risk workflows.

Luminesce®, a data virtualisation engine, solves the need to find and securely gather an extended world of data in real-time, enabling deep insights and analytics. Together, they offer a compelling and interoperable approach to data management, achieving value within a faster time to market.

LUSID PMS ™our next generation portfolio management system, delivers hedge funds access to core investment data - such as real-time positions and cash in a single data store. The platform enables funds to produce shadow NAVs, reconcile positions, calculate firmwide risk analytics, and build bespoke functionality with inbuilt tools and integrations to market-leading systems.

Solution Lifecycle

Commercialized

Founder's Background

Thomas McHugh is co-founder and CEO of FINBOURNE. Founded in December 2016, the company was formed with a mission to reduce the cost of investing and increase transparency for financial services firms.

As a scale-up moving at pace, FINBOURNE’s SaaS and cloud-native solutions deliver an interoperable Modern Financial Data Stack, solving the very real challenges the Buy Side face with data management.

The company and its founders are focused on bringing change to an industry that has long suffered from a failure to solve diminished trust and a detrimental lack of timely data. While this means challenging traditional constructs, such as front-to-back change and buy Vs build, Tom is passionate about delivering innovation that is both sympathetic and iterative.

Prior to founding FINBOURNE, Tom spent his career building world-class technology for global financial institutions including RBS and UBS where he most recently led quantitative development.

Founded (Years of Incorporation)

2016

How are you funded today?

Series A

Money Raised

£62m

Number of employees

206

Presence In Region

America
Asia
Europe
Oceania

Technology

Application Programming Interface (API)
Artificial Intelligence
Cloud solutions
Data automation
ESG
Machine Learning
Risk Assessment

HQ Country

United Kingdom

What are the top 3 key benefits your solution will bring to the Asset Management Industry?

Data storage and management:
Including an?immutable cloud-native data store?and?secure?entitlements engine, enabling full data lineage and secure access to?organisational data (internally and externally).

Technical capabilities:
An API first approach, that overcomes diminished trust and lack of timely data, to restore confidence and control. At the same time, it provides integrations to a Horizon of external innovation, for competitive edge. An extensible data model leveraging bitemporality and built-in financial sense, delivering dynamic and powerful insights to support alpha generation and growth.?

Financial functionality:
With data management addressed at the foundational level, firms gain instantaneous access to trusted data across the financial functions we build on top, delivering speed, scale and performance.?

Tell us more about your past client engagements to date and your market penetration?

FINBOURNE is trusted by some of the world’s leading financial services firms, including Fidelity International, London Stock Exchange Group, Baillie Gifford, HSBC, Refinitiv and Railpen.

In addition, in February 2023, FINBOURNE was selected to become the technology infrastructure provider for the Bloomberg, MarketAxess and Tradeweb initiative to build a consolidated tape for fixed income in Europe. This will help us achieve, our mission of reducing operational complexity and increase efficiency and transparency across financial services.

Do you have any case studies of your solution? If yes, please share it in less than 200 words

“Having traditionally developed our processes and technology in-house, LUSID will provide a cloud-native, open-source architecture, that delivers the operational efficiency and transparency we desire today, along with advanced technology, our teams can build and scale up in the future.” - Baillie Gifford

“LUSID consolidates and accelerates our various data requirements, providing better data consistency, reduced costs and ultimately a more personalised experience for our clients.” - Fidelity International

For more information, please see our client use case attached as a marketing brochure.

Awards/Accolades

In the past three years, FINBOURNE's solution offerings, have won a total of 7 awards. This includes the following:

- HFM Technology Awards 2020: Best Risk Reporting Solution
- HFM Technology Awards 2021: Best Public Cloud-Based Service
- The Trade Leaders in Trading 2021 awards: Fintech of the Year
- Hedgeweek European Awards 2022: Best Data Management Solution
- HFM European Services Awards 2022: Best Data Management Solution and Best Technology Provider – Overall
- Data Management Insight Awards Europe 2022: Best Buy-Side Data Management Platform
- Harrington Starr Most Influential Financial Technology Firms of 2023

Please refer to the FINBOURNE website for more information on the complete set of awards FINBOURNE has received, https://www.finbourne.com/insights/category/awards