Confluence Partners With Swedens Limina To Offer Reporting And Investment Management Solutions To $1B Wealth Manager


Pittsburgh, PA, London, and Stockholm, Oct. 15, 2020 (GLOBE NEWSWIRE) — Confluence Technologies, Inc. (Confluence), a world know-how options supplier delivering modern merchandise to the worldwide cash administration business, in partnership with Limina AB (Limina), a supplier of SaaS options to asset managers globally, has secured a three-year contract with a $1B wealth supervisor headquartered in Stockholm, Sweden.

The wealth supervisor will use the built-in know-how of Liminas Order Administration Answer (OMS) platform and Confluence Deltas (Delta) GUI and reporting instruments for portfolio analytics, danger attribution and efficiency attribution. Full implementation of the platform is predicted in This autumn 2020.

Based mostly in Stockholm, Limina offers asset managers with a whole, automated front-to-middle-office system, incorporating order administration, portfolio administration and portfolio analytics workflows in a single resolution. Delta, a web-based portfolio evaluation and danger administration resolution, was acquired from UBS by StatPro in 2017, earlier than StatPros personal acquisition by Confluence in 2019.

Limina OMS and Confluence Delta come collectively to create a completely new and holistic workflow for the wealth supervisor. Deltas API capabilities and its skill to carry out calculations on the fly make the answer an ideal match for front-office use instances. These qualities additionally signify a powerful useful complement to Liminas OMS providing and permit the methods to combine seamlessly. Because of this, the Swedish wealth supervisor doesn’t want to make use of two separate methods; their complete workflow resides in Limina with Deltas performance embedded.

Our Delta know-how paired with Liminas OMS platform will present one of many areas prime wealth managers with the know-how and instruments it must automate processes which have been guide for fairly a while, mentioned Confluences President and Chief Working Officer, Todd Moyer. Confluence is all the time working to develop our international presence, and were excited to be partnering with Limina to supply their shopper with the cutting-edge options they should succeed.

Confluence and Liminas know-how have a plethora of similarities, permitting for an unbeatable synergy in relation to reporting and funding administration methods, mentioned Ulf Svensson, CEO of Limina. The mixed providing means an implementation that shall be faster than any opponents can present, in the end demonstrating the worth of every firms providing to the cash administration business.

About Confluence

Confluence is a world know-how options supplier serving to the funding administration business resolve complicated funding information challenges. Since 1991, Confluence has been constructing and delivering modern merchandise for asset homeowners, asset managers and asset service suppliers that deal with a spectrum of efficiency and analytics, danger, information, regulatory and investor reporting wants. With the 2019 acquisition of StatPro, Confluence presents a broader vary of data-driven options, delivering a full set of merchandise to the entrance, center and again workplace to scale back danger and enhance effectivity. Headquartered in Pittsburgh, PA, Confluence providers over 400 shoppers in 40 international locations, with areas throughout Europe, North America, South Africa, Australia and Asia. For extra data, go to www.confluence.com

About Limina

Limina is a Software program-as-a-Service (SaaS) supplier that delivers an Order Administration Answer (OMS) to asset managers, hedge funds, wealth managers and asset homeowners. Limina’s OMS incorporates funding choice workflows, order elevating capabilities, order and post-trade operational workflows in addition to compliance integrated all through, each pre- and post-trade. Limina has presence on a number of continents and is headquartered in Stockholm, Sweden. For extra data, go to https://www.limina.com

Michael Kingsley
Forefront Communications Group, Inc. for Confluence
+ 1 212-320-8984
mkingsley@forefrontcomms.com



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