RiverStone International to Drive Investment Strategy with Clearwater Analytics

Date:

Share post:

Clearwater Analytics , a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that RiverStone International, a leading global nonlife run-off insurance business specialist and the largest provider of legacy solutions in the Lloyd’s market, has successfully implemented the Clearwater platform. Selected for its investment accounting and reporting capabilities, the Clearwater platform today automates and streamlines RiverStone’s data consolidation, investment accounting, trade reconciliation, and reporting processes.

RiverStone International will leverage Clearwater to help diversify their investment strategy, scale their business quickly with newly acquired books of business, consolidate the single view of a multi-manager strategy, and bolster industry expertise. Clearwater eliminates the need to manually process and reconcile data from different sources and systems, while providing users with a daily comprehensive view of an entire portfolio across all asset classes.

“By leveraging Clearwater’s platform, we now have a daily comprehensive view of our entire portfolio across all asset classes,” said Neil Taylor, Group Chief Investment Officer at RiverStone International. “Clearwater’s technology and our increased transparency will allow for data-driven investment decision making and support our global growth ambitions.”

Also Read: FinTech Cybersecurity Regulations and Strategies

“Our team implemented RiverStone International in a remarkable four-month window and now provides their managers with a ‘single pane of glass’ view of their entire portfolio across all asset classes. Clearwater supports leading global insurers in a direct relationship across the globe with over $6 trillion in assets flowing through the system on a daily basis,” said Scott Erickson, Chief Revenue Officer at Clearwater Analytics. “We help global insurers and reinsurers such as RiverStone International, as well as U.S. and Bermuda-based insurers, and we have a large presence across the European insurance market, making Clearwater the de-facto solution for investment accounting and reporting processes.”

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Trading Technologies acquires ATEO to expand its post-trade solutions in global markets

Trading Technologies, a global capital markets technology company, has acquired ATEO SAS, a provider of post-trade solutions for...

Fiserv seeks to acquire Shift4 Payments – Reuters

According to Reuters, Fiserv is competing with Amadeus IT Group for the acquisition of payment processor Shift4 Payments. Shift4,...

Oliver Wyman announces acquisition of Innopay

Oliver Wyman, a management consulting firm and a Marsh McLennan business, has announced the completion of its acquisition...

How FinTech-Bank Partnership Can Redefine Digital Banking

As the digital payment ecosystem evolves, banks recognize the importance of partnering with FinTech companies. However, many of...