U.S.-based fintech FinMason announced on Tuesday it has partnered with Silver Wealth Technologies, a trusted provider of enterprise-class business and technology solutions for investment services companies. Through the collaboration, FinMason’s real-time API will be used to deeply integrate investment calculations into Silver’s innovative wealth data unification platform, enabling advisors and wealth managers to access analytics on any publicly-traded security in the world.
FinMason claims to be the world’s largest independent investment analytics engine for financial services platforms. The fintech firm notably provides access to more than 700 calculations on every publicly traded asset in the world delivered through one simple API. Speaking about the partnership, Kendrick Wakeman, CEO of FinMason, stated:
“I’m excited to partner with Silver – it’s a natural fit. Silver’s platform delivers the client experience, functionality, and scale that users are looking for; embedding FinMason’s analytics will add depth and breadth to the information those users have at their disposal, empowering them to make more informed investment decisions.”
FinMason also noted that Silver has a proven track record of developing efficient, intuitive front and middle-office solutions that consolidate information from disparate systems into a single source of truth. Together, the firms will use their strengths to deliver solutions with the speed, quality, and functionality that investment professionals need to succeed. Jason Vogel, Silver’s Senior Director of Product Strategy and Development, added:
“Imagine being able to very quickly stress test a firm’s entire book of business for real and hypothetical events, to review factor sensitivities for all of an advisor’s holdings, or to use Monte Carlo simulation probabilities to check-in on a client’s investment goals. Blending FinMason’s lightning fast investment analytics with Silver’s source-agnostic, multi-level portfolio data and analytics makes all of that, and much more, possible.”