Silverfinch and Fundsquare partner for Solvency II look-through solution

Channels: SAA/ALM

Companies: Silverfinch, Fundsquare

People: John Dowdall, Dominique Valschaerts

Silverfinch and Fundsquare have announced an alliance to promote their Solvency II look-through and data utility across Europe.

Dublin-based Silverfinch and Luxembourg-based Fundsquare said the joint initiative "creates connectivity between asset managers and insurers in a secure and permissioned manner."

It allows insurers to comply with Solvency II regulation and asset managers to manage and carry out requested look-through in a timely and controlled fashion. Silverfinch allows insurers to gather highly detailed regulatory data on their large portfolios of assets which are invested on their behalf by a wide range of asset managers.

Dominique Valschaerts

John Dowdall, managing director, Silverfinch, said Solvency II, to be implemented in January 2016, "is about to create a new continent of data." Partnering with an organisation like Fundsquare, whose expertise in fund market infrastructure is known across Europe, gives Silverfinch access to the broader European market, added Dowdall.

Fundsquare CEO Dominique Valschaerts said, "Working with Silverfinch, which like us operates as a market utility, allows both our companies to provide a coherent response to the challenges of Solvency II by setting a pan-European standard data model for managers. This model has the dual advantages of allowing asset managers to retain control and of protecting intellectual property."