BNP Paribas’ Securities Services business, a leading global custodian with USD 15.4 trillion in assets under custody, today announces the mandate of UniSuper, one of Australia’s largest superannuation funds, for its recently launched Data PRISM360 Post-Trade Data Management solution. The service will offer UniSuper a more holistic fund view, leveraging the Investment Data Solution (IDS) of NeoXam, a market leader in Financial Data Software.
UniSuper, with AUD 149 billion in funds under management, is an award-winning Super Fund providing superannuation services for over 650,000 members in Australia. In this mandate, Securities Services at BNP Paribas will deliver a wide range of Data Integration solutions to UniSuper, supporting the fund’s decision-making across the investment value chain. As part of its Data PRISM360 offering, the Bank is working to incorporate climate impact analysis into its services for UniSuper, including measurement of the portfolio’s carbon emissions.
The Data PRISM360 solution of BNP Paribas’ Securities Services business was launched in December 2024 in collaboration with NeoXam. Supported by NeoXam’s modular and scalable technology, Data PRISM360 provides clients with a unified, cross-asset class, multi-dataset portfolio view, enabling them to make more informed investment decisions.
Whereas organisations within the superannuation industry often rely on legacy Data platforms, Securities Services at BNP Paribas facilitates clients in the full end-to-end process of capturing, normalising, and transforming Data from a variety of sources. With its Data PRISM360 solution, the Bank applies pre-agreed business rules and controls to enrich and ensure the Data Quality. Clients like UniSuper can then interact with and utilise these books of record through APIs and self-service capabilities.
Dharmendra Dayabhai, Head of Portfolio Analysis and Implementation, UniSuper, stated: “Through our partnership with BNP Paribas and NeoXam, UniSuper is building a solution to unify Investment Data into a single, trusted source of truth. The solution will provide high-quality, timely insights that support decision-making across the investment lifecycle. This will enable us to maintain a lean operational footprint while enhancing reporting accuracy and Data Governance, ultimately enabling faster and better-informed investment decisions.”
Florent Fabre, CEO of NeoXam, said: “We are delighted to be working with UniSuper, one of Australia’s largest super funds, to enhance its Post-Trade Investment Data Management capabilities. UniSuper’s choice for Data PRISM360, directly after its launch, is a testament of the huge opportunity for the service. We look forward to working closely with UniSuper and BNP Paribas to deliver the next stage of UniSuper’s Data Management journey.”
Philippe Benoit, Head of Strategic Business Development and Transformation, Securities Services, BNP Paribas, commented: “Data PRISM360’s advanced analytics and ESG capabilities embody our continuing focus on innovation and sustainability. This mandate with UniSuper is a great example of how we support clients in the overall transition to a more Data-centric operating model, and demonstrates our long-term commitment to the Investment Data Management field. We look forward to partnering with UniSuper and supporting their growth plan.”
Data PRISM360 is a Post-Trade Data Management solution delivered globally by BNP Paribas’ Securities Services business as part of its newly-launched Investment PRISM360 offering – a full suite of Data Management, Analytics and Reporting solutions that provides insights on sustainability, diversification, technology and regulations. This offering includes (1) Performance PRISM360 to monitor investment outcomes; (2) Risk PRISM360 to oversee Analytics, Stress Testing and Regulatory Reporting; and (3) Data PRISM360 for Data Management with exposure analysis.
