Clearstream selects Finomial to automate trade documentation for funds
June 17, 2020

Clearstream, Deutsche Börse Group's post-trading services provider, has selected Finomial's client lifecycle management technology to automate trade documentation completion for alternative investments, including hedge funds and private equity.

As a leading alternative funds custodian specialising in alternative investments, Clearstream places trades with over 40,000 hedge funds across 45 jurisdictions globally. Finomial's platform drives efficiency and transparency in what has historically been a labour-intensive, paper-based process required for investing in alternatives. From the end of 2020, Clearstream's clients will benefit from fully automated trade documentation completion, a client interface to automate collection and provision of individual customer declarations, reducing risk and delivering greater investor transparency.

Said Philippe Seyll, Head of Investment Fund Services and CEO of Clearstream Banking: "The alternative investments industry has been marked by highly individualised, cumbersome and manual processes. State-of-the-art technology can help change that. With Finomial we found a perfect provider to make processes more efficient for our clients."

"Due to Clearstream's scale in the industry, Finomial's technology will help automate hedge fund subscriptions and private equity capital commitments for over 1.5 trillion euros in assets of the 10 trillion alternatives market," said Meredith Moss, CEO, Finomial.

"As Clearstream continues to gain market share, we are excited to support them to further automate private funds investing."





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across globalcustody.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

Clearstream, Deutsche Börse Group's post-trading services provider, has selected Finomial's client lifecycle management technology to automate trade documentation completion for alternative investments, including hedge funds and private equity.

As a leading alternative funds custodian specialising in alternative investments, Clearstream places trades with over 40,000 hedge funds across 45 jurisdictions globally. Finomial's platform drives efficiency and transparency in what has historically been a labour-intensive, paper-based process required for investing in alternatives. From the end of 2020, Clearstream's clients will benefit from fully automated trade documentation completion, a client interface to automate collection and provision of individual customer declarations, reducing risk and delivering greater investor transparency.

Said Philippe Seyll, Head of Investment Fund Services and CEO of Clearstream Banking: "The alternative investments industry has been marked by highly individualised, cumbersome and manual processes. State-of-the-art technology can help change that. With Finomial we found a perfect provider to make processes more efficient for our clients."

"Due to Clearstream's scale in the industry, Finomial's technology will help automate hedge fund subscriptions and private equity capital commitments for over 1.5 trillion euros in assets of the 10 trillion alternatives market," said Meredith Moss, CEO, Finomial.

"As Clearstream continues to gain market share, we are excited to support them to further automate private funds investing."



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site