21 March 2018

Confluence opens Dublin office

10 February 2014  |  1655 views  |  0 Source: Confluence

Confluence, the global leader in investment data management automation, has continued its expansion by opening an office in Ireland.

Regulatory challenges such as AIFMD have meant that fund managers are increasingly looking to data automation to help manage their investments. Located in Dublin's popular Silicon Docks district, the new operation extends Confluence's European presence beyond London and Luxembourg, where the company has serviced the European asset management industry since 2006.

Despite the increase in regulation, many fund managers still rely on manual spreadsheets to track investments that make up a multi-trillion dollar industry. Confluence has been working to create a smooth, automated process which saves time and improves accuracy.

Commenting on the opening, Skip Smith, Chief Operating Officer of Confluence said, "The global fund industry's appetite for data consolidation and automation solutions is increasing. The Dublin office is part of our strategic plan to meet the rising needs of back office professionals. Our goal is to support asset managers and service providers as they look to solve the complex data management challenges associated with regulatory issues, and other cross-border reporting challenges."

Smith concluded, "Ireland is a financial gateway to the global fund industry and it was a natural next step for our business to open an office in one of the international fund jurisdictions. The Irish funds industry supports an innovative business environment within a renowned regulatory landscape and Ireland's status as an international hub for the funds industry is deserved."

Confluence provides data consolidation and automation solutions to more than 40 percent of leading global investment managers. Ireland hosts over 40 percent of global alternative investment industry fund assets and an infrastructure that provides distribution and domicile services to over 12,000 funds. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register your place todayVisit www.facebook.com/business/

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
12957 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10728 views comments | 31 tweets | 40 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
10348 views comments | 10 tweets | 8 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
9957 views comments | 13 tweets | 31 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
9847 views comments | 12 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job