EU Business News Q3 2018

EU BUSINESS NEWS / Q3 2018 9 , FinMason Launches in Europe Euro currency support within acclaimed investment analytics as a service platformmarks firm’s continued international expansion. FinMason, one of the world’s largest investment analytics as a service companies, recently announced that they are rolling out a Euro- denominated version of their acclaimed investment analytics platform. This enhancement marks a continuation of FinMason’s international expansion plans. The Euro currency product will be located in a secure datacentre in Frankfurt, Germany, and will be GDPR-compliant. This will allow financial services firms with Eurozone operations to leverage FinMason’s robust investment analytics while still preserving FinMason’s sub-50 millisecond response times. International firms interested in expanding to European markets can also take advantage of FinMason’s new capabilities to facilitate development and accelerate their timelines. “Our current and prospective clients have been asking us for Euro-based analytics,” said Kendrick Wakeman, CFA, founder and CEO of FinMason. “There is a great deal of WealthTech being developed in Europe right now and those firms want to take advantage of the rapid prototyping, iterating on functionality and faster times to market that our API solution enables.” This announcement comes on the heels of FinMason’s roll-out in Canada last April. “Rolling out in a new base currency is more than just currency conversion. To do it right, you need to localise all the factor models, rebase scenario analyses/stress tests and construct new yield curves, amongst other things,” noted Robert Blake, Ph.D., FinMason’s head of global macroeconomics. The new Euro analytics product is scheduled to launch at the end of August. Looking forward, the firm projects incorporating support for the Pound and Swiss Franc by the end of the year, with many of the Asian currencies following in 2019. The new base-currency analytics can be accessed by simply changing three letters in the API address, enabling global firms to use the same code base across all currencies.