Clearstream picks US fintech to automate trade documentation for funds

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

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. Finomial’s technology will help automate hedge fund subscriptions and private equity capital commitments for over €1.5 trillion ($1.7tr) in assets, noted Meredith Moss, CEO at Finomial, in a statement.

“The alternative investments industry has been marked by highly individualized, 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,” said Philippe Seyll, head of Investment Fund Services and CEO of Clearstream Banking, in a statement.

Read the full release

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