FTF Exchange Podcast: Seeing the ESG Requirement as a Data Challenge
In a new FTF Exchange podcast, Todd Moyer, President and Chief Operating Officer (COO), Confluence, explains that financial services firms that want to meet investor requirements for Environmental, Social, and Governance (ESG) compliance will find that it boils down to a data challenge that would be helped by greater transparency.
“An area of focus for Confluence, and I think for the industry in general, is really ESG. We see ESG as data challenge at the core,” Moyer says. “Here at Confluence we’re really focused on making it easy to combine ESG metrics and other kinds of risk and performance indicators to streamline the integration of this into the investment and risk management process.”
This approach to the ESG requirement could be seen as the culmination of Confluence’s growth strategy over the past three years.
In November of last year, Confluence, backed by Clearlake Capital and TA Associates, acquired Compliance Solutions Strategies (CSS), a cloud-based regulatory technology solutions vendor. In addition, Confluence acquired Investment Metrics, a provider of investment data, performance, analytics, and research software solutions. And in 2019, Confluence acquired StatPro Group, a provider of cloud-based portfolio analytics, asset data services and data management tools.
Moyer provides insight into those acquisitions and the overall strategy of building, partnering, and acquiring in order to grow the company.
“We’ve hit the ground running, relative to integrating the businesses,” Moyer says. “We closed those acquisitions at the end of December and we’re already actively in conversations with the market for ways to accelerate and continue to grow the joint platforms.”
In the podcast, he also covers:
- What a Regulatory Book of Record (RBOR) is and how it is related to data management;
- The importance of advancing what is offered for portfolio analytics;
- The company’s move into the asset owner and asset allocator market spaces;
- How Confluence plans to stay ahead of fast-moving dynamics in the securities markets;
- And how clients are requiring vendors to provide APIs, open architectures, open-sourced software, and cloud & cloud-native technologies.
Listen to the full podcast on FTF’s website here.
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About Confluence® Technologies
Confluence is a global leader in enterprise data and software solutions for regulatory, analytics, and investor communications. Our best-of-breed solutions make it easy and fast to create, share, and operationalize mission-critical reporting and actionable insights essential to the investment management industry. Trusted for over 30 years by the largest asset service providers, asset managers, asset owners, and investment consultants worldwide, our global team of regulatory and analytics experts delivers forward-looking innovations and market-leading solutions, adding efficiency, speed, and accuracy to everything we do. Headquartered in Pittsburgh, PA, with 700+ employees across North America, the United Kingdom, Europe, South Africa, and Australia, Confluence services over 1,000 clients in more than 40 countries. For more information, visit www.confluence.com.