Finastra has partnered with Chinese fintech firm Hundsun Technologies to co-develop a Chinese version of its investment management software Fusion Invest.

With the backing of Finastra, Hundsun will licence the new version to more than 100 buyside institutions.

Finastra said that the technology will offer asset managers global asset class coverage, automated workflows, consistent data, and accurate risk analytics.

Customers in Mainland China, Hong Kong, Taiwan as well as Macau can avail this new version.

Hundsun chairman Peng Zhenggang said: “The opening of the Chinese asset management market presents an exciting opportunity for asset managers in China and abroad.

“With Finastra’s global track record in investment management software, we are excited to work together to adapt Fusion Invest to meet the requirements of the Chinese market and revolutionise the technology available to local asset managers.”

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Fusion Invest is designed to boost risk-adjusted returns for asset managers, claims the supplier.

It also enables asset managers to offer their clients on-the-go portfolio access from mobile devices for real-time insight into portfolio performance.

Besides, the platform includes built-in automation and cloud deployment capabilities that are said to lower operating costs.

Fusion Invest’s new version will comply with China’s regulatory and local norms.

Finastra president and global head of Field and Marketing Eric Duffaut said: “By combining Hundsun’s unrivalled reach and local knowledge with Finastra’s software expertise, our partnership will enable asset managers to benefit from a solution that is internationally open but localised for China’s unique regulatory and local requirements.”