Following a market review, Pension Insurance Corporation (PIC) has chosen FINBOURNE Technology to provide investment data management capabilities that will help drive its data strategy.
PIC, a specialist UK pension insurer, manages a portfolio of about £45 billion and provides guaranteed pensions to over 300,000 people in the UK. It will use FINBOURNE’s cloud-native financial data management platform, LUSID, and financial data virtualisation engine, Luminesce, to consolidate private asset, ESG, market, reference, pricing, analytics, ratings and trading data from multiple sources into a single view designed to streamline operational processes.
Angela Pearce, chief data officer at PIC, says: “By selecting FINBOURNE’s data management solution, we are confident we will drive our investment strategy forward.”
PIC will use FINBOURNE’s API-first data management capabilities that enable migration to a standardised data model and timely access to data, as well as the vendor’s off-the-shelf integrations to external sources to help consolidate and validate multiple data sets. It will then be able to consolidate data and apply complex rules based on multiple fields and sources to automatically validate data from internal and external sources. With a streamlined data flow, PIC expects to capture clear data lineage and improve end-to-end transparency to drive data-driven investment decisions.
Thomas McHugh, CEO and co-founder at FINBOURNE, comments: “This selection is another validation of our expertise in this field. We look forward to working with PIC to unlock the potential of its data.”
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