Case Study: Finance Asset Management Firm reduces custodian data support time with Nexla

How An Asset Management Firm Uses Nexla To Empower Its Analysts And Reduce Time To Support Custodian Requirements

Finance Asset Management Firm used Nexla to streamline the daily delivery of account-level data to custodians. The firm faced significant data heterogeneity across custodians, with different requirements for data elements, formats, and destinations, and previously needed about two months of engineering and analyst time to onboard each new custodian, plus additional time for ongoing specification changes.

Using Nexla’s Data Operations platform, the firm’s analysts could automatically ingest files, detect schemas, join and enrich datasets, and transform outputs to custodian-specific formats for delivery via FTP, APIs, or S3. With Nexla, time to onboard a new custodian dropped from 2 months to 3 days, while changes to existing custodian processes could be completed by non-engineers in less than a day, with added benefits like record-level lineage, versioned transformations, and easier collaboration.