BNP Paribas has secured a mandate from UniSuper, one of Australia’s largest superannuation funds, for its recently launched Data PRISM360 post-trade data management solution.

The bank’s securities services business 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 A$149 billion ( US$97.05 billion ) in funds under management, is an award-winning super fund providing superannuation services for over 650,000 members in Australia.

In this mandate, 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 bank launched Data PRISM360 in December 2024. Supported by NeoXam’s modular and scalable technology, the solution provides clients with a unified, cross-asset class, multi-dataset portfolio view, enabling them to make more informed investment decisions.

End-to-end data management

While many organizations in the superannuation industry rely on legacy data platforms, BNP Paribas’s securities services unit will help clients in the full end-to-end process of capturing, normalizing, and transforming data from a variety of sources.

With its Data PRISM360 solution, the bank applies pre-agreed business rules and controls to ensure and enrich the data quality. Clients like UniSuper can then interact with and use these books of record through application programming interfaces ( APIs ) and self-service capabilities.

Says Dharmendra Dayabhai, head of portfolio analysis and implementation at UniSuper: “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.”

Philippe Benoit, head of strategic business development and transformation, securities services, BNP Paribas, adds: “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.”