UK-based pension fund Railpen has selected FINBOURNE’s cloud, investment data management platform, LUSID, as its Investment Book of Record (IBOR) in an effort to enrich its in-house operations across the middle and back-office.
Railpen is a London-based pensions provider and administrator, responsible for the interests of half a million members across the UK and overseas.
The LUSID platform will be utilised as Railpen’s real-time, investment data repository, supporting the pension scheme’s multi-asset portfolios with standardised data and a timely, aggregated view of positions and exposure.
Using SaaS technology, the platform will deliver a built-in ‘translation service’ that interprets domain specific data, into the language employees need, across front, middle and back-office workflows.
Built on Amazon Web Services and using an open application programming interface to unlock data across existing systems, including Railpen’s security master and third party systems, the platform aims to provide Railpen with improved workflows and augmented decision-making.
Stefan Simons, head of investment and fiduciary technology at Railpen, comments: “Our purpose is to secure our members’ future and reliable, robust and timely data is increasingly critical to achieving this, as is delivering a scalable approach to investment management. With FINBOURNE we have found an independent, data management service that offers an extensible and real-time IBOR, which can grow with our multi-asset operations.”
Thomas McHugh, CEO and co-founder of FINBOURNE Technology, says: “Railpen joins a fast growing number of clients leveraging the LUSID platform as the foundation for their future investment operations. We have built a platform that integrates across a firms’ existing operational stack and wider ecosystem, bringing incremental change rather than big bang transformation.”
