Clearwater Analytics and BNP Paribas Collaborate for Investment Accounting

Integrated investment accounting and custodial services offered by a new collaboration

FREMONT, CA: "We believe this joint collaboration with BNP Paribas is an ideal on-ramp for asset owners to act on growth opportunities across their investment portfolios," said Gayatri Raman, President, Europe at Clearwater Analytics. "We invite asset owners to explore our powerful, game-changing solution that fully leverages our award-winning technology platform and BNP Paribas' suite of custody activities. Together with BNP Paribas, we aim to extend this solution to our key core markets."

To offer investment accounting and reporting solutions along with the bank's custodian services, Clearwater Analytics, a top provider of SaaS-based investment management, accounting, reporting, and analytics solutions, entered into a new services partnership with BNP Paribas' Securities Services business. Securities Services is a global multi-asset servicing specialist with EUR 11.1 trillion in assets under custody and EUR 2.3 trillion in assets under administration1. BNP Paribas Securities Services is a top worldwide custodian that offers buy-side and sell-side market players, corporations, and issuers asset servicing and multi-asset post-trade solutions.

This partnership expands business potential with asset owners throughout the bank's worldwide custody network of over 90 markets by fusing Clearwater Analytics' unique value proposition and comprehensive investment lifecycle solutions with BNP Paribas' Securities Services business solutions. INTÉRIALE Mutual, a joint customer, is already utilizing the integrated offering.  

Insurance companies and other organizations looking for a "single pane of glass" view of their investment portfolios and the ability to enable multi-asset-class, daily aggregation, reconciliation, and book-of-record reporting are ideal candidates for Clearwater's comprehensive solution for investment data management and reporting. Clearwater's expanding clientele in the United States, Europe, and Asia benefit from a streamlined onboarding procedure and quick account setup thanks to the support of a global client care team.

"This is an opportune moment for asset owners that struggle with difficult-to-use legacy systems to open the door to a modern best-of-breed solution that can achieve measurable business impact at speed and scale," said Arnaud Claudon, Head of the Asset Managers and Asset Owners Client Lines, Securities Services at BNP Paribas. "We are delighted to offer robust and complete solutions dedicated to institutional clients through this collaboration with Clearwater, efficiently combining banking and non-banking services. It does strengthen our strategic ambition to complement our core offering with best-in-class specialized providers."