Stock Market News
StatPro inks strategic partnership with US fintech firm
AIM-quoted software company StatPro has finalised a strategic partnership with US fintech firm Broadridge Financial Solutions to provide comprehensive analytics for alternative and traditional asset managers.
The newly-inked partnership was expected to enhance Broadridge's performance reporting platform, which allows clients to receive customised daily performance calculations.
StatPro's cloud-based performance and risk platform will reportedly streamline Broadridge's analytics process by automating the upload of client portfolio data into the system, generating instantaneous performance calculations and then making results available for download to the US firm's data warehouse to support its investment process and client reporting.
"StatPro firmly believes that as the asset management industry matures and competition intensifies, asset managers will turn to the best platform providers for comprehensive services," said Justin Wheatley, StatPro's chief executive.
"Broadridge has proved itself to be a leading provider in this market and we are proud to partner with them to provide their clients with our full range of portfolio analytics ranging from performance measurement to risk management tools, including complex fixed income analysis using StatPro Revolution: our super-scalable cloud-based portfolio analytics platform," Wheatley added.
Broadridge's transition to StratPro was in progress for the firm's existing performance clients and was tapped for completion by the end of 2018.
As of 1400 BST, StatPro shares had collected 0.98% to 179.74p.
The newly-inked partnership was expected to enhance Broadridge's performance reporting platform, which allows clients to receive customised daily performance calculations.
StatPro's cloud-based performance and risk platform will reportedly streamline Broadridge's analytics process by automating the upload of client portfolio data into the system, generating instantaneous performance calculations and then making results available for download to the US firm's data warehouse to support its investment process and client reporting.
"StatPro firmly believes that as the asset management industry matures and competition intensifies, asset managers will turn to the best platform providers for comprehensive services," said Justin Wheatley, StatPro's chief executive.
"Broadridge has proved itself to be a leading provider in this market and we are proud to partner with them to provide their clients with our full range of portfolio analytics ranging from performance measurement to risk management tools, including complex fixed income analysis using StatPro Revolution: our super-scalable cloud-based portfolio analytics platform," Wheatley added.
Broadridge's transition to StratPro was in progress for the firm's existing performance clients and was tapped for completion by the end of 2018.
As of 1400 BST, StatPro shares had collected 0.98% to 179.74p.
Related share prices |
---|
StatPro Group (SOG) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price