FundGuard Announces a Strategic Alliance with ICE to Enhance User Experience with Investment Accounting with Comprehensive Data Integration
04 Junho 2024 - 1:25PM
Business Wire
FundGuard, the first fully cloud-native, AI-powered multi-asset
and multi-book investment accounting utility today announced a
strategic collaboration with ICE’s data services business, which is
part of Intercontinental Exchange (NYSE:ICE), a leading operator of
global exchanges and clearing houses and provider of data and
listings services.
The collaboration will provide asset managers, asset owners and
fund administrators with integrated access to ICE’s leading pricing
and reference data via FundGuard's investment accounting solutions
for IBOR, ABOR, and NAV Contingency.
“Today’s modern investment management operations require new era
cloud-native technology that can deliver all-in-one multi-asset and
multi-book accounting capabilities supported by dynamic pricing
data,” said Lior Yogev, CEO and Co-Founder of FundGuard. “By
integrating ICE’s pricing and reference data with FundGuard's
modern investment accounting platform, our clients will enjoy
enhanced data quality, superior analytics, and rapid scalability –
all while lowering the total cost of ownership and eliminating
operational barriers.”
Financial Services firms are currently navigating complex
challenges such as cost and fee pressures, a dynamic regulatory
landscape, increased market competition, and limitations due to
outdated software. This collaboration between ICE and FundGuard
provides access to cutting-edge technology and timely, high-quality
data, empowering organizations to effectively manage these
challenges and scale as needed.
"This collaboration with FundGuard provides high-value for our
mutual clients, enabling them to leverage agile technology and
high-quality data,” said Mark Heckert, Chief Operating Officer of
Fixed Income and Data Services at ICE. “This collaboration
underscores our commitment to innovation and solving industry
challenges, ensuring our clients have the tools they require to
manage operational needs across the fund accounting workflow."
The integration includes ICE’s exchange pricing, evaluations,
reference data and corporate actions.
About FundGuard
FundGuard is a cloud-native SaaS platform for investment
management and administration that is powered by AI. FundGuard
helps asset managers and their service providers to manage mutual
funds, ETFs, hedge funds, insurance products, and pension funds,
supporting digital transformation, operations automation, AI-based
insights, resiliency, and migration to the cloud. FundGuard is
backed by strategic partners including Citi and State Street, and
investment firms Blumberg Capital, Key1 Capital, LionBird Ventures,
and Team8 among others. Please visit www.fundguard.com
About Intercontinental Exchange
Intercontinental Exchange, inc. (NYSE: ICE) is a Fortune 500
company that designs, builds and operates digital networks to
connect people to opportunity. We provide financial technology and
data services across major asset classes that offer our customers
access to mission-critical workflow tools that increase
transparency and operational efficiencies. We operate
exchanges, including the New York Stock Exchange, and
clearing houses that help people invest, raise capital and
manage risk across multiple asset classes. Our comprehensive fixed
income data services and execution capabilities provide
information, analytics and platforms that help our customers
capitalize on opportunities and operate more efficiently. At ICE
Mortgage Technology, we are transforming and digitizing the
U.S. residential mortgage process, from consumer engagement through
loan registration. Together, we transform, streamline and automate
industries to connect our customers to opportunity.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604583299/en/
Media contact for FundGuard: Erika Alter,
erika.alter@fundguard.com, +1 718-514-5783
Media contact for ICE: Damon Leavell, Sr. Director of
Communications damon.leavell@ice.com +1 212 323 8587
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