London Stock Exchange Announces Investment in Finbourne

Fazzaco learned that the London Stock Exchange Group (LSE) has invested in Finbourne, a data integration & management platform. Financial terms of the transaction are not disclosed.

LSE's latest investment is expected to use Finbourne’s Lusid for building a virtual real-time data repository. The exchange operator would consolidate multi-asset class data across its wealth management and investment solutions departments. 

“The partnership and investment from LSE is a key milestone for Finbourne. We’ve taken years of financial industry best practice, combined with advanced cloud-first technology, to create a data platform that empowers our clients to deliver better investment decisions,” Tom McHugh, CEO, and Co-Founder of Finbourne, commented.

As Fazzaco reported earlier, LSE has launched a dedicated sustainable finance innovation unit in Singapore​, as part of its new LSEG Labs network. The new unit will be committed to creating sustainable finance capabilities to accelerate innovation and advanced technology across the country’s fintech ecosystem, supported by the Monetary Authority of Singapore (MAS).