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PARONAS strengthen risk management offering for asset management through partnership wit FundHero

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PATRONAS strengthens risk management offering for asset management through partnership with FundHero

Freiburg, 10th of November 2022 | PATRONAS Financial Systems GmbH will in future cooperate with Luxembourg-based service provider FundHero S.A.. PATRONAS is thereby strengthening the SaaS platform’s risk management offering and leveraging further customer and synergy potentials as part of its growth strategy.

Given rapidly increasing regulatory requirements, technological change, changing customer requirements and immense cost pressures within the sector, banks and financial service providers are faced with the need to automate and digitalize asset and wealth management. Here, they have increasingly relied on cloud-based third-party software solutions. Through PATRONAS' cooperation with FundHero, PATRONAS strengthens the risk management solution already established on the platform with a complementary solution that particularly addresses the needs of institutional clients such as funds and fund companies.

Carsten Osswald, CEO and founder of PATRONAS Financial Systems GmbH, comments: “In line with our strategy, our partnership with FundHero enables us to further optimize our product offering along the entire asset and wealth management value chain. With our platform, we offer our customers an ecosystem that enables consistent process automation and maximum data consistency. At the same time, the cooperation will strengthen our risk management solutions and enable us to cover the requirements of ESG reporting in asset management.”

With over 15 years of industry experience and the use of state-of-the-art technology, Heiko Hector, founder of FundHero S.A., has established the company as a provider of risk management solutions for institutional asset managers. Thanks to Managed Risk Services, banks and financial service providers are able to determine and calculate all requisite risk indicators and thereby fulfil extensive regulatory reporting obligations – including for sustainable investments. Moreover, the solution’s special features include a user-friendly interface that enables asset managers to retrieve fund data in real time via a central dashboard. This enables investments to be checked automatically with minimal effort and already at the “pre-trade” stage.

About PATRONAS Financial Systems GmbH

PATRONAS Financial Systems GmbH, a company of the niiio finance group AG, is a leading software provider for the international investment industry. PATRONAS offers integrated portfolio, risk, compliance and order management solutions for investment managers, advisors, administrators and trading desks.

The company was founded in 2003 by Carsten Osswald and Heribert Steuer.

Further information:

Press contact:

PATRONAS Financial Systems GmbH

c/o Norwin Schörrig

Schnewlinstr. 12

D-79098 Freiburg

Phone: +49 761 400 688 36

Mobile: +49 175 582 7000

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