Raymond James has signed up on the newly launched data integration hub Finio to bolster its data integration capabilities for both intermediaries as well as the customers of its platform.
Launched by Sprint Enterprise Technology, Finio streamlines connectivity and data integration between platforms and wealth management firms and software providers used by the advisers and intermediaries.
The integration with the hub will spare Raymond James from managing multiple point to point connections, enhacing the flow of investment data.
Raymond James director of relationship management and business support Cynthia Poole said: “We are delighted to partner with Sprint for their Finio data integration hub solution, allowing us to significantly enhance our data integration capabilities for both intermediaries that introduce business to discretionary managers working with Raymond James, as well as for firms using our platform.”
Finio is designed to accept data in any format with capability to transform and reconcile data before delivering it to the provider.
The hub is also claimed to provide ‘flexible and granular’ data output to support the most demanding of reporting requirements. It can also combine legacy data from old and new platforms to deliver a continious history beginning first day.
Addoitionally, Finio has a team of data experts to offer first-line customer support. It also provides dashboards to monitor and control the flow of data.
Sprint Enterprise CEO Robin Bevan added: “We are delighted to be going live with Raymond James – we will be delivering data to a number of solution providers for them including intelliflo, CURO from Time4Advice, moneyinfo, Fastrak and directly to a number of intermediaries.
“It very much speaks to the quality of Raymond James data that they are one of only two firms where we were able to reconcile 100% of their data at outset of the project, making them an ideal firm to work with as we launch the new Finio solution.”
Sprint said it is in talks with a number of other major platforms to add to Finio.