A Guernsey finance firm has selected a UK-based financial tech firm to provide its fund administration platform.
St Peter Port-based Summit Group has selected FINBOURNE Technology’s enterprise data management platform, EDM+, after a “rigorous” selection process.
Matt Claxton, Summit Group’s CEO, said the firm had “always believed that the quality of our infrastructure is inseparable from the quality of service we deliver to clients”, so selecting EDM+ was a “natural next step in our journey”.
Mr Claxton added: “This investment in FINBOURNE’s platform reflects our continued commitment to providing the institutional-grade, future-ready administration capability that clients expect – today and in the years ahead.”
“Jersey and Guernsey are both central to Summit Group’s international strategy, as we continue to grow, we are committed to investing in the quality of our people, technology and jurisdictional capabilities.”
The selection marks a significant investment in Summit Group’s fund administration infrastructure, reinforcing the Group’s commitment to investing in the technology, data and operational infrastructure needed to support clients across Jersey, Guernsey and its wider international base.
The announcement forms part of Summit Group’s continued growth and investment strategy, building on its 2025 acquisition of R&H Jersey and the expansion of its presence and service capabilities across the Channel Islands and internationally.
Summit Group is a provider of fiduciary, fund administration and advisory services, with offices in Jersey, Guernsey, Switzerland, the UAE, the Cayman Islands and the UK.
The Channel Islands are a key pillar of Summit Group’s international strategy, together, its Jersey and Guernsey offices support clients across private wealth services, corporate services, fund administration and advisory services.
FINBOURNE’s EDM+ will provide the underlying enterprise data management layer, consolidating instrument, pricing, holdings and transaction data from across Summit Group’s network of market data providers, custodians and counterparties into a single, real-time foundation.
IBOR, Fund Accounting and Transfer Agency will be delivered on top of this unified data foundation.
The platform also provides Summit Group with the ability to consolidate administration across all asset types and fund structures, delivering internal operational alignment and a scalable foundation capable of supporting clients across jurisdictions as Summit Group’s business continues to evolve.
