Clearwater Analytics Partners with BNP Paribas for Investment Accounting and Reporting Solutions

Clearwater Analytics, the leading SaaS solution provider for investment management, accounting, reporting, and analytics, announced Monday (March 20) that it has entered into a partnership with BNP Paribas' Securities Services business, offering investment accounting and reporting solutions combined with the bank’s custodian services.

Securities Services at BNP Paribas is a leading global custodian providing multi-asset post-trade and asset servicing solutions to buy-side and sell-side market participants, corporates, and issuers.

Under the partnership, Clearwater Analytics value proposition and end-to-end investment lifecycle solutions will be combined with BNP Paribas' Securities Services business solutions, giving more business opportunities with asset owners across the bank's custody network of over 90 markets globally.

Arnaud Claudon, Head of the Asset Managers and Asset Owners Client Lines, Securities Services at BNP Paribas, said: "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. 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 specialised providers."

Gayatri Raman, President, Europe at Clearwater Analytics, said: "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. 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."

BNP Paribas has been actively adjusting its business this year. In January, affected by macroeconomic headwinds, the bank considered restructuring its consumer finance unit​ and had submitted the idea for a major overhaul of the division to unions. Meanwhile, BNP Paribas Securities Corp, a unit of the bank, revealed its plan to open a new office in Miami​ in the fourth quarter of this year. In addition, the bank had sold its Bank of the West to BMO Financial Group​ with regulatory approvals.