Odyssey's Custodial Data Solution receives positions, transactions and cash data from Global custodian banks that provide electronic feeds. It duplicates this data in a common, scalable format and reinforces operational efficiency. Asset Managers can then consolidate account level information from different custodians into Odyssey Portfolio Management modules to generate value for their clients and boost their business.
âThe solution powered by Incentage CapitalBus acts as a single access point interface between the Odyssey platform and the custodian banks. Weâve chosen Incentage because of its in-depth knowledge of the communication standards industry and its expertise, and because of the cost-effective extension its solution allows in a much shorter time-to-market,â explains Quentin BÃ©rard, Product Manager, Odyssey Financial Technologies.
Leading custodial banks are clearly interested in the solution since it increases their service level to asset management firms.
âPartnering with Odyssey will allow us to extend the reach of our CapitalBus solution. Odysseyâs leadership position in Switzerland and beyond will enable us to approach new clients and markets with a high quality solution and reinforced services,â says Felix Huber, CEO of Incentage.
It is foreseen that Odyssey and Incentageâs partnership will be extended in the future to developing new STP solutions that will provide additional value to both clients.