BNP Paribas Securities Services and Next Gate Tech are delighted to announce they have entered into an agreement, where BNP Paribas Securities Services will leverage Next Gate Tech’s data management and NAV oversight technology to support their Depositary Bank Operations, initially in Luxembourg.

“We are delighted to be working with Next Gate Tech to enhance our oversight duties in a fully digital and independent environment.”, said Robert van Kerkhoff, Managing Director of BNP Paribas Securities Services Luxembourg, Ireland and Channel Islands.

“We are very excited to be starting our partnership with BNP Paribas Securities Services in Luxembourg. We bring technology enabling services providers to deliver a strong and robust NAV oversight for the benefit of their clients and subsequent investors with focused foresight, smartly, intuitively, and independently of delegates.” added Davide Martucci, co-founder and CEO of Next Gate Tech.

About BNP Paribas Securities Services(securities.cib.bnpparibas) BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.

About Next Gate Tech S.A. Next Gate Tech leverages the latest cloud technology, to give asset managers and asset servicers, all their data from multiple unharmonized and unstructured sources, as one consistent, consolidated, and independent source enabling them to streamline their day-to-day processes. Through a seamless onboarding process and leveraging its analytics tools, Next Gate Tech provides automated NAV Oversight, Risk Oversight, ESG oversight, etc. eliminating the need for multiple point solutions and legacy databases enabling firms to manage their governance and controls independently and consistently.