A-Team Insight Blogs

Temenos Extends Reach into Buy-Side Market Through Collaboration with Bloomberg

Share article

Banking software specialist Temenos has formed a strategic collaboration with Bloomberg that could catapult it into the buy-side market. The collaboration makes the Temenos Multifonds Global Accounting product accessible through the Bloomberg terminal, allowing asset managers to generate NAV estimates independent of, and in parallel to, their fund administrators, and enabling accurate daily oversight and continuity of operations in case of outages.

The collaboration, made under the auspices of Philippe Chambadal, executive vice president of capital markets at Temenos, builds on Bloomberg’s relationship with the buy-side to provide sales, marketing and services, and provides a new business opportunity for Temenos of around 40,000 buy-side firms, of which about two-thirds are based in North America.

Max Chuard, chief financial officer and chief operating officer at Temenos, says the collaboration will ‘dramatically increase’ the company’s growth in the $5 billion buy-side technology space by supporting asset managers and alternative investment funds that use Bloomberg buy-side solutions.

He adds: “We will offer an easy, plug-and-play solution with a low total cost of ownership, starting with NAV oversight and contingency, and with a view to unlocking further opportunities in the front and middle office over time.”

Jean-Paul Zammitt, global head of financial products at Bloomberg, says the collaboration enables Bloomberg to help buy-side firms meet their need for dependable and independent NAV oversight to support operational contingency plans and satisfy investors. He also notes the potential of the collaboration to deliver additional solutions to buy-side institutions in the future.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: FRTB: The time to get your data in order is now

Date: 12 September 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Fundamental Review of the Trading Book (FRTB) regulation requires firms within its scope to source significant amounts of data, some of which has not previously been required and is difficult to pin down. The data management challenges of the regulation’s Internal Model...

BLOG

MarkLogic Responds to the Data Management Challenges of GDPR

This week’s big reveal of the ICO’s intention to fine British Airways £183.39 million for infringements of General Data Protection Regulation (GDPR) sent shock waves through industry, with an aftershock coming later in the week when the ICO issued a second notice, this time noting its intention to fine Marriott International £99,200,396 for GDPR breaches....

EVENT

Data Management Summit London

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Entity Data Management Handbook – Second Edition

Entity data management is this year’s hot topic as financial firms focus on entity data to gain a better understanding of customers, improve risk management and meet regulatory compliance requirements. Data management programmes that enrich the Legal Entity Identifier with hierarchy data and links to other datasets can also add real value, including new business...