Think of FINIO as a multi-port travel adapter for the exchange of investment data – one that allows Investment Platforms to deliver investment data to FINIO in any format, and one that allows Solution Providers to access that data in the format they require.
FINIO recognises that most Investment Platforms were never designed to export data to third parties; the need for Investment Platforms to share data with Solution providers is a more recent requirement. FINIO makes it as easy as possible for Investment Platforms to connect: Investment Platforms do not need to re-engineer the format of their data output to meet a third party’s standards or requirements – all they need to do is pass the data across in the format that suits them.
FINIO does the ‘heavy lifting’ of reconciling and normalizing the data from multiple platforms into a single, accurate set of data that is then be made available to Solution Providers.
FINIO also recognises that Solution Providers need investment data in different formats. Some need valuation data; others need transaction data. Some need bulk files; others need data on demand. Some need flat files; others need files that include supplementary calculations (cumulative flows, growth calculations etc.). Some wish to pull data from APIs; others prefer to collect via SFTP.
But all Solution Providers want to receive the same set of data via the same delivery mechanism across all Investment Platforms. FINIO enables this – allowing Solution Providers to access the type of investment data they need in the format they want – and, critically, in the identical format across all platforms.