FinMason Launches in Canada
Canadian Dollar support within acclaimed investment analytics as a service platform marks the first step in international expansion.
FinMason, a rapidly growing FinTech company, today announced that they are rolling-out a Canadian Dollar version of their acclaimed investment analytics as a service platform. This enhancement marks the first step in FinMason’s international expansion plans.
The new production environment will allow Canadian financial services firms – and US-based companies with operations in Canada – to leverage FinMason’s robust investment analytics to enhance their offerings. US firms interested in expanding to Canadian markets can also take advantage of FinMason’s new capabilities to facilitate the process and accelerate their timelines.
This announcement comes on the heels of last month’s appointment of 32-year industry veteran David Remstein as the firm’s first President and COO, a role in which he will help drive FinMason’s international expansion. Prior to FinMason, Remstein held several senior global analytics roles at JP Morgan, Citi and Riskcare, including Global Head and Chief Operating Officer of Analytics and Consulting at JP Morgan.
“It is important that investors always look at analytics specific to their own base currency,” commented Remstein. “To do it right, you need to do more than just translate the currency. You need to change the perspective. For example, a US-based investor would want to consider Trade-Weighted US Dollar as a potential return driver, but a Canadian-based investor would want to see trade-weighted Canadian Dollar. FinMason’s system does just that.”
The new Canadian analytics product is scheduled to launch at the end April. Looking forward, the firm projects incorporating support for the Euro, Pound, and Swiss Franc by the end of the summer, with many of the Asian currencies following in early 2019.The new base-currency analytics can be accessed by simply changing three letters in the API address, allowing for global firms to use the same code base across all currencies.
View the PRNewswire release HERE.
Jessica Taylor Shores