- Bloomberg and Clearwater Analytics (CWAN, Financial) announce a strategic partnership to enhance investment management workflows.
- The collaboration integrates Bloomberg's front-office solutions with Clearwater's accounting platform for a comprehensive offering.
- Key benefits include improved OTC management, cash management, and consistent data exchanges to optimize operations.
Bloomberg and Clearwater Analytics (CWAN) have unveiled a strategic collaboration aimed at delivering a comprehensive front-to-back investment management solution tailored for asset owners and managers. This partnership stands out by merging Bloomberg's renowned enterprise investment solutions with Clearwater's robust accounting platform, taking a modular and open approach to address the evolving demands of the industry.
The collaboration introduces four pivotal enhancements designed to elevate operational efficiency: Turnkey Managed Integration, Enhanced OTC Management, Integrated Cash Management, and Consistent Position and Trade Data Exchanges. These improvements are set to help clients manage costs, minimize risks, and streamline their investment management processes.
This partnership strategically positions Clearwater Analytics to strengthen its competitive edge, especially against more extensive full-stack providers like BlackRock's Aladdin and State Street's Alpha. By leveraging Bloomberg's expansive institutional presence, Clearwater can tap into a broader client base, potentially driving growth beyond its current trajectory.
Bloomberg's suite of enterprise solutions offers an array of integrated capabilities, including research management, order and portfolio management, and performance and risk analytics. Combined with Clearwater's commitment to delivering cloud-native, comprehensive investment management solutions, the collaboration aims to reduce complexity, increase data accuracy, and empower clients to scale confidently with the best available technologies and partners.
For more details on this partnership, visit Bloomberg's and Clearwater Analytics' official websites.
