BNP Paribas Securities Services, a custodian and securities services provider and BNP Paribas Group subsidiary, has announced a stake in fintech AssetMetrix, which will allow the former to expand and digitalise its services to private capital clients and investors.
By deploying AssetMetrix’s technology and webservices in its private capital business, BNP Paribas Securities Services would give clients access to analytics and reporting tools dedicated to analysis of non-listed investments.
The aim would be to enable clients to optimise decision-making and enhance risk monitoring, while asset manager clients would also be able to provide end investors with individual access to reporting tools for efficient and transparent oversight of their investments.
The new portfolio monitoring service would allow full look-through capabilities on investee companies, cash flow and performance forecast, risk analysis, stress testing, benchmarking, workflow and document management.
Laurent Durdilly, head of private capital solutions at BNP Paribas Securities Services, said it was a major development in their offering to private capital clients, including fund managers, asset owners and private equity funds.
“With this partnership, we will be able to offer our clients powerful analytics and reporting for their investors via a dedicated and interactive web portal for real-time monitoring and live scenario analysis,” Durdilly said.