The integration data hub of choice

For investment platforms who need to supply financial data to multiple end points, FINIO is the data hub that provides efficient delivery of clean and enriched platform data, to software systems and financial advisory firms. Unlike other hubs or platforms doing this themselves, FINIO reduces the time, effort and cost, and ensures the delivery of accurate and enriched data to the required destination.

Connecting Investment platforms with software providers

One connection

One connection

Save resources by providing your bulk valuations, transactions, inflows/outflows and remuneration files to software providers via one data hub.

 

Easy to connect

Easy to connect

The FINIO data hub can accept your data in any format. Provide the data to us and we’ll do the complicated work, normalising the data for easier access for software providers.

 

Access your data

Distributing data

Once normalised, we provide the data in multiple formats to various destinations, saving you time, effort and ultimately cost. We even pick up any data support queries on your behalf.

What you can expect

Enrichment

Enrichment

FINIO streamlines investment data for advisory firms, encompassing both straightforward valuation data (policy numbers, ISINs, units, and prices) and intricate transaction data.

Transaction data, with its ever-changing 200+ codes, demands a nuanced understanding for accurate interpretation, including accounting for historical corrections.

This reconciliation process can be daunting, especially for policies spanning decades with thousands of transactions. Yet, it's a vital step for advisory firms to provide precise client reports. FINIO takes care of data enhancement, reconciliation, and normalisation, ensuring that advisory firms receive consistently formatted data effortlessly.

 

Distribution

Distribution

Valuation data, including policy numbers, ISINs, unit counts, and prices, moves smoothly from investment platforms to third-party software providers.

However, software providers increasingly require complex transaction-level data, with over 200 regularly changing transaction codes from investment platforms. Understanding these codes (inflows or outflows) is crucial and flexibility is key to accommodate occasional historical transaction corrections. Reconciliation is challenging for policies spanning 20 or so years with thousands of transactions. Yet, it's essential for precise client reporting. FINIO streamlines this process by enriching, reconciling, and normalising data, ensuring software providers receive report-ready information.

 

Monitoring

Monitoring

Facilitating investment data flow across wealth management systems poses challenges, especially in terms of control and visibility.

Investment platforms act as data controllers and require full control over their data. FINIO's legal framework empowers investment platforms to manage data access via the FINIO dashboard and to enable/disable data feeds to software providers and advisory firms. 

The issue of data accuracy and timeliness also arises. FINIO's dashboard provides a dynamic tool for investment platforms, software providers, and advisory firms to monitor and analyse data flow, ensuring data integrity throughout the process.

 

Warehousing

Warehousing

FINIO's data process—reconciliation, enrichment, normalisation, and storage serves four vital purposes.

  1. It creates complete transaction histories for all policies within FINIO with different software applications accessing a full history of an investment policy from the day they go live.
  2. FINIO offers on-demand data for those that don’t want to store large quantities, reducing the need for excessive data storage costs.
  3. Stored data enables FINIO to provide customisable feeds with aggregated or calculated fields.
  4. Sprint Enterprise provide robust customer support to investment platforms, software providers, and when relevant, advisory firms.

 

Support

Support

The type of data being passed from investment platforms to software providers is becoming increasingly complex with software providers increasingly needing to incorporate transaction-level data into their applications.

This complexity inevitably gives rise to the need for more support – the problem is that investment platforms don’t always have the in-house support teams to field questions from multiple software providers.

Sprint Enterprise solves this problem by providing investment platforms and solution providers with great first-line support to head off all but the most challenging support queries.



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What FINIO for platform clients say

What FINIO for platform clients say

“In today’s digitally focussed world, the provision of good quality data in an efficient and integrated way is fundamental to how advisers and financial planners are wanting to do business. We’re therefore excited to announce that we have partnered with Sprint Enterprise Technology and adopted their FINIO hub to help us enhance the digital experience of those who use the 7IM platform.”

Verona Kenny, managing director intermediary, 7IM

FINIO for software providers and advisory firms

FINIO is also powering the likes of both software providers and advisory firms who are reaping the benefits of a single integration with clean and reconciled data, bringing tangible benefits to their businesses. Find out how...

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