BNP Paribas’ Securities Services division has implemented Confluence’s Unity Financial Reporting platform in order to automate financial reporting and improve operational efficiency for its private capital clients. That announces Confluence, a US-based technology solutions provider for regulatory, analytics, and investor communications solutions, in a press release.
The bank will use the platform to support its private capital services across multiple jurisdictions, replacing manual processes with a more standardised and automated system. The decision is part of BNP Paribas’ broader strategy to modernise its reporting infrastructure as private capital markets continue to expand.
The Unity Financial Reporting platform is designed to reduce reliance on spreadsheets and manual workarounds, offering a scalable solution that can be used across fund types, according to the press release. BNP Paribas expects the adoption to streamline workflows and support consistency across its global operations.
Simplify processes
“Confluence’s Unity Financial Reporting will enable us to further automate workflows, reduce complexity, and scale our reporting capabilities globally”, says Laurent Durdilly, Global Head of Private Capital at BNP Paribas Securities Services. For Confluence, the agreement adds to its client base in the asset servicing sector. The US-based technology provider positions Unity as a tool for firms aiming to manage regulatory reporting requirements while simplifying operational processes.
