About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

FundGuard Plans Product Development to Drive Transparency in Fund Administration

Subscribe to our newsletter

New York-based FundGuard, a pioneer of AI in investment management and asset services, has completed a $12 million Series A funding round. The company will use the funding for product development to meet increased regulatory demands for transparency and resilience in the fund administration segment. The company works with several of the world’s largest fund administrators and asset managers, as well as alternative funds and insurance companies.

Lior Yogev, FundGuard CEO and co-founder, says the company aims to address the inefficiencies and lack of transparency that often characterise legacy platforms, many of which are based on technologies developed in the 1980s, with a flexible and scalable platform that uses AI capabilities to automate and streamline workflows, identify anomalies and generate actionable analysis.

So far, interest in the company’s SaaS platform has come mostly from traditional asset management and fund administration firms. A significant entry point is the need for ‘shadow NAV’ calculations in the wake of historic legal action seeking compensation for erroneous calculations and more recent outages that have resulted in many buy-side firms being unable to fulfil their NAV reporting obligations.

“Financial institutions are getting away from batch infrastructure, they’re gearing up to be faster,” says Yogev, noting digital transformation driven by client demands for increasingly real-time engagement, and the resulting need for institutions to more rapidly calculate valuations, risk and cash positions. This shift is complemented by the compression of settlement times and the increasing frequency of data delivery by pricing and valuations providers.

FundGuard’s latest funding round was led by Israeli venture capital firm Team8 and existing investors Blumberg Capital and LionBird Ventures, bringing total funds raised to date by the company to $16 million.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: An update on data standards and global identifiers

Data standards and global identifiers have been parts of capital markets’ practices for many years, and more are being developed, reviewed and shaped as the industry acknowledges their role in streamlining data management, reducing risk, improving transparency, and achieving compliance. This webinar will discuss data standards and identifiers in play, as well as those in...

BLOG

Data Management Summit Returns to NYC with a Focus on Unlocking Data Value for the Business

Don’t miss it! Data Management Summit NYC will be hosted by A-Team Group president and chief content officer Andrew Delaney on 28 September in New York City. The summit promises plenty of new content, a line-up of expert speakers, and lively discussion on topics from how to unlock data value for the business to how...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...