J.P. Morgan announced the launch of its Securities Services Data Mesh for institutional investors, available through its Fusion platform. It is the first time that Securities Services data will be included directly into investors’ workflow. Investors can retrieve critical investment data held by J.P. Morgan’s Custody, Fund Accounting and Middle Office services using cloud-native channels including REST APIs, Jupyter notebooks and the Snowflake Financial Services Data Cloud.
Organizations aiming to take advantage of the cloud’s elasticity and tap into the accelerated growth and rapid development in analytics, artificial intelligence (AI) and machine learning require data within a modern technology stack that is ready to use and analyze. By providing a range of cloud-native channels, Fusion is addressing long-experienced pain points in integrating asset servicing data including the challenges to ingest data at scale, especially as portfolios and investments grow in size and complexity.
Gerard Francis, head of Data Solutions at J.P. Morgan said in a statement: “Institutional investors continue to leverage data at an increasing rate to maximize alpha and operational efficiency. Having easy access to that data is paramount. With Fusion’s new Data Mesh, we meet our clients where they are, delivering data directly to their Snowflake instances and Python notebooks. Clients can now access data directly from applications running in the cloud and on-premise through Fusion APIs and other modern delivery channels. This launch is the latest example of Fusion helping clients to overcome their data challenges.”
“J.P. Morgan’s Fusion platform is transforming the client experience by modernizing how their clients access Securities Services data and analytics, fueled by the power, scale and secure data sharing of the Snowflake Financial Services Data Cloud,” said Benoit Dageville, Snowflake co-founder and president of Products.
Tim Fitzgerald, global head of Securities Services, J.P. Morgan said, “The Securities Services industry has become increasingly data-driven. Fusion is a central tenet of our offering, and its expansion to cloud-native delivery of custody, fund accounting and middle office data gives our clients the tools to focus on the evolution and growth of their businesses.”
Julia Hegelstad, digital product manager at Storebrand Asset Management, said in a statement: “We have found the Fusion platform to provide a stable, modern and reliable way to connect into the J.P. Morgan’s Securities Services data universe. We were able to establish secure connectivity between Fusion and our proprietary code base within hours.”