FundGuard, the first fully cloud-native, AI-powered multi-asset and multi-book investment accounting utility announced a strategic collaboration with ICE’s data services business, which is part of Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services.
“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 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.
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“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such as cost and fee pressures, a dynamic regulatory landscape, increased market competition, and limitations due to outdated software.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.”
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.
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