Fund data solutions provider FundsLibrary and FactSet, a leading provider of integrated financial information and analytical applications, have joined forces to provide a comprehensive Solvency II Pillar 3 reporting solution. This unique partnership offers a guiding light amidst industry-wide challenges regarding Solvency II regulations.

FundsLibrary and FactSet will enable Fund Groups to prepare the required data reporting formats quickly, accurately and with limited impact on their business operations. The reports will then be distributed to appropriate Insurers on time and under licence, ready for their own Solvency II processes.

FundsLibrary is well known as a hub for the financial services industry, bringing in data from Asset Managers, validating it and distributing it to a range of data consumers including Wrap Platforms, IFAs, DFMs, Wealth Managers and more. FactSet’s entity, terms & conditions and bond analytics data will complement and enhance FundsLibrary’s Solvency II service and provide a plug-and-play data solution for Asset Managers.

FundsLibrary’s Head of Business Development, Steve Elford comments:

“The arrival of the Solvency II Directive has presented new and uncharted challenges to our industry. Together with FactSet we are offering a complete solution to the market – one that ticks the regulatory boxes and at the same time eases the pressure on our customers.”

Anastasia Dokuchaeva, FactSet’s Director of Global Regulatory Solutions, adds:

“Solvency II presents buy-side investment professionals with significant data governance and reporting challenges. This pioneering partnership, which leverages FactSet’s comprehensive and integrated financial data and FundsLibrary’s data exchange expertise, offers an industry leading solution to address the Solvency II directive.”

About FactSet
FactSet delivers the world’s best insight and information to investment professionals through superior analytics, service, content, and technology. More than 65,000 users make smarter investment decisions with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. FactSet is also an honoree of FORTUNE’s 100 Best Companies to Work For and a Best Workplace Award recipient in the United Kingdom and France. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (NASDAQ:FDS). Learn more at www.factset.com and follow on Twitter: www.twitter.com/factset.

About FundsLibrary
FundsLibrary is a market leading fund data aggregator and solutions provider, receiving data from more than 500 Fund Groups, covering over 25,000 investment products and distributing the data to Platforms, IFAs, Brokers, Wealth Managers and more.

In addition to our data provision services, we also build a variety of unique and beautifully crafted web-tools designed to present, distribute and manage data. The breadth of our software product set is vast, spanning regulatory compliance through to investor portfolio management; outsourced data libraries to bespoke website hosting and management, and much more besides.

Contact:
Amy Bowman
FactSet Research Systems Inc.
203.810.2144
abowman@FactSet.com