FinMason, a FinTech firm and investment analytics provider that enables WealthTech platforms to accelerate development and time-to-market, today announced that it has partnered with ATA RiskStation, a comprehensive portfolio risk oversight technology for financial advisors and compliance professionals, to deliver the Refintiv Lipper Global Data Feed via their proprietary API.
“By consuming the Lipper data through FinMason’s API, we were able to get up-and-running with built-in scale at a small fraction of the time and cost,” said Aladdin Abughazaleh, CEO of ATA RiskStation. “FinMason’s unique approach to data distribution also allows us to consume data from multiple vendors through the same API call, allowing us to add functionality rapidly and fulfil our commitment to always be responsive to our clients’ changing needs.”
The FinMason API enables firms to place Lipper data anywhere in their systems with just a simple request call, allowing them to begin rapid prototyping, iterating on functionality, and A/B testing. It eliminates the costly and time-consuming hurdles of data gathering, cleaning, and housing data that accompanies data-ingestion through large numbers of .csv files or clunky, outdated APIs. The API can also be used to access FinMason’s 700+ analytics and data sets from other vendors.
“ATA RiskStation has a unique and effective way of measuring and visualizing investment risk,” said Kendrick Wakeman, CEO of FinMason. “I’m particularly impressed with their ability to provide highly customizable assumptions so that the risk measure can be tailored to a client’s unique circumstances. We’re excited to do our part to help keep them on the cutting edge of the industry, no matter what that cutting edge looks like in the future.”
The partnership closely follows FinMason’s launch of the Lipper redistribution product, which was on Wednesday of last week.