FinTech: FinMason Brings Muni Bond Analytics to Wealth Managers

June 26, 2020 | FinTech, News

FinMason offers daily analytics on the muni bond universe at a reasonable cost.

FinMason, which is committed to building the largest analytics engines for financial services platforms, announced Thursday its launch of municipal bond analytics. Previously, the firm launched coverage of the entire global government and the corporate bond universe. (Yahoo Finance)

With the latest launch of muni bond analytics, FinMason’s platform covers the entire gamut of municipal bonds from 50 states, DC, and U.S. territories such as Puerto Rico, the U.S Virgin Islands, and Guam. Users may run as many as 30 analytics on the resultant available population of over a million municipal bonds.

Muni bonds an analytical challenge

Traditionally, the cost involved in establishing the data infrastructure for such a large financial asset as muni bonds is prohibitively high.

Saeid Hoseinzade, Ph.D., Head of Fixed Income, said muni bonds, therefore, represented a challenge for analytics providers.

“FinMason’s modern calculation platform enables delivery of accurate and comprehensive daily analytics on the entire muni universe at a reasonable cost,” assured Hoseinzade, however.

FinMason’s analytics footprint

Last month FinMason announced analytics coverage of all government and corporate bonds. With muni bonds now also under its footprint, its analytics service spans the entire database of individual fixed income securities. At a rough estimate, this means a million and a half individual bonds.

“We are positioning ourselves to be the vendor of choice when it comes to fixed income analytics for the retail wealth community, something that is badly needed as investors stretch for yield in this environment,” said Kendrick Wakeman, CEO. “We know that relatively few prospects or clients have individual bond positions, so our API solution enables platforms to analyze these bonds only as needed. This allows you to service all prospects and clients affordably.”

ESG ratings

Earlier this month, FinMason announced partnerships with CSRHub and Owl Analytics to redistribute their ESG ratings via FinMason’s API.

FinMason launched its analytics API service in 2017. Mid-October last year it announced it had analyzed over 10 million portfolios for clients of wealth tech and fintech firms.

Related Story:  Finmason Clocks Analysis Of 10 Million Portfolios                                                 

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