Asset management platform

An investment and trading company from Wall Street that builds infrastructure for financial markets. Clients of all sizes use their clearing, custody, execution, and prime brokerage platform to operate their businesses. Clear Street started from scratch by building a completely cloud-native, clearing and clearing system designed for today’s complex, global market. Their mission is to build a modern, single source-of-truth platform capable of handling every asset class, in every country, and in any currency. Products and services offered by Clear Street LLC, member FINRA and SIPC. Additional information about Clear Street is available on FINRA BrokerCheck including its Customer Relationship Summary.

Clear Street has raised a total of $605 m in funding over 7 rounds. Their latest funding was raised on Apr 11, 2023 from a Series B round.

Clear Street is funded by 11 investors. Prysm Capital and IMC Investments are the most recent investors.

$605 m

total funding amount
390+

employees
4+

years on the market

Introduction

Efficient management of assets is essential for organizations across industries to maximize their investments and drive growth. This case study explores the collaboration between S-PRO, a leading software development company, and a prominent asset management firm. The objective of the partnership was to develop an advanced asset management platform that would streamline processes, optimize portfolio performance, and provide data-driven insights for informed decision-making.

Challenge

The asset management firm faced several challenges in their existing processes:

Manual and Fragmented Processes

The firm relied heavily on manual processes for asset tracking, portfolio analysis, and reporting. This led to inefficiencies, data inconsistencies, and increased the risk of errors. The challenge was to develop a solution that would automate and centralize these processes for improved efficiency and accuracy.

Lack of Real-time Data and Insights

Access to timely and accurate data is crucial for effective asset management. The firm needed a platform that could integrate with various data sources, provide real-time market data, and offer comprehensive analytics for informed decision-making.

Regulatory Compliance

The asset management industry is subject to strict regulatory requirements. The firm required a platform that could ensure compliance with regulations, facilitate reporting, and provide audit trails to meet regulatory obligations.

Geography:USA
Industry:Fintech
Services:Launching a new business

Solution

S-PRO, leveraging its expertise in custom software development and financial solutions, collaborated closely with the asset management firm to develop an advanced asset management platform. The solution included the following key components:

Automated Asset Tracking and Reporting

The platform automated asset tracking processes, enabling real-time visibility into portfolio holdings, performance, and valuation. It facilitated accurate and timely reporting, reducing manual efforts and increasing efficiency.

Data Integration and Analytics

The platform integrated with various data sources, including market data providers, financial statements, and industry databases. It provided comprehensive analytics and customizable dashboards to empower investment professionals with data-driven insights for portfolio management and decision-making.

Compliance and Risk Management

The platform incorporated features to ensure regulatory compliance and mitigate risks. It offered robust security measures, audit trails, and reporting capabilities to meet regulatory requirements and enhance transparency.

Results

The implementation of the S-PRO asset management platform delivered significant results for the firm:

Streamlined Operations

The platform’s automation and centralization of asset tracking and reporting processes streamlined operations, reducing manual efforts, minimizing errors, and improving overall efficiency.

Data-Driven Decision-Making

The platform provided investment professionals with real-time market data, comprehensive analytics, and customizable dashboards. This empowered them to make informed investment decisions, optimize portfolio performance, and capitalize on market opportunities.

Enhanced Compliance

The platform’s compliance features facilitated adherence to regulatory requirements. It provided the necessary tools for reporting, audit trails, and risk management, ensuring compliance with industry regulations and increasing transparency.

Conclusion

The collaboration between S-PRO and the asset management firm resulted in the successful development and implementation of an advanced asset management platform. The platform addressed the challenges faced by the firm, automating asset tracking, providing data integration and analytics, and ensuring compliance with regulatory requirements. The outcomes included streamlined operations, data-driven decision-making, and enhanced compliance. S-PRO’s expertise in custom software development and financial solutions played a crucial role in empowering the asset management firm to optimize their asset management processes, gain real-time insights, and improve portfolio performance. The asset management platform transformed the firm’s operations, enabling them to stay competitive in the dynamic financial landscape and achieve superior investment outcomes.

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