A-Team Insight Blogs

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

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Your email address will not be published.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 *

*

Share article

Related content

WEBINAR

Recorded Webinar: GDPR: How to build a data protection framework

This webinar has passed, but you can view the recording by registering here. Are you ready for the General Data Protection Regulation (GDPR)? With the GDPR deadline less than two years away, the pressure is on for organizations to understand how they will comply. Proper data management is part of the answer, but tying these...

BLOG

SEC’s Cox to provide guidelines for adoption of XBRL

Christopher Cox, the Securities and Exchange Commission (SEC) chairman, is expected to release recommendations this week about how US companies can adopt extensible business reporting language (XBRL) for their financial reporting. This follows the SEC Advisory Committee on Improvements to Financial Reporting’s report, released in February, which recommended that companies should use XBRL to tag...

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 – Fourth Edition

Welcome to the fourth edition of A-Team Group’s Entity Data Management Handbook sponsored by entity data specialist Bureau van Dijk, a Moody’s Analytics company. As entity data takes a central role in business strategies dedicated to making the customer experience markedly better, this handbook delves into the detail of everything you need to do to...