Zurich / Verona – July 7th, 2025 — BST Banking Software Training AG and Exfidant Srl are pleased to announce the signing of a strategic partnership agreement aimed at transforming how Financial Institutions source, entitle, and manage their Market Data. By combining Exfidant’s powerful Market Data Hub (MDH) with BST’s flagship platform FinOffice, the two companies will deliver a seamless, end-to-end solution that brings new levels of transparency, efficiency, and cost control to Market Data operations.
This partnership marks a significant step forward in meeting the evolving needs of Banks, Asset Managers, Insurers, and Financial Service Providers who face growing complexity and regulatory pressure in managing Market Data.
Integrated Solutions: From Data Sourcing to Entitlement
The combined offering will enable clients to:
- Source and normalize pricing, reference, time series, corporate actions, regulatory and ratings data from multiple vendors with full automation and auditability
- Manage entitlements with FinOffice’s powerful contract and compliance framework, ensuring that only authorized users and applications can access licensed content
- Track usage, costs, and quality through MDH’s advanced analytics, forecasting and governance tools
- Reduce vendor lock-in with MDH, by allowing a quick and cost-effective provider choice, thanks to a flexible, modular and API-driven architecture that advocates for multi-vendor content
A Strong Strategic Fit
“By partnering with Exfidant, we’re extending the value of FinOffice into the realm of dynamic data usage and transparency,” said Martin Reichmuth, CEO of BST AG. “Clients will benefit from a unified view across their contractual obligations and their actual Market Data usage — something that has been notoriously difficult to achieve until now.”
Paolo Ciaramellano, Co-Founder and CEO at Exfidant, added: “FinOffice brings exceptional strength in entitlement and policy enforcement. Coupled with MDH’s capabilities in cost modeling, data delivery and governance, we are offering our clients an integrated solution that delivers rapid ROI and lasting operational control.”
Empowering Clients with Control and Clarity
The BST–Exfidant partnership will help Financial Institutions to:
- Cut unnecessary data spend through accurate usage monitoring
- Streamline Audits and ensure Compliance with licensing agreements
- Accelerate vendor onboarding or migration
- Implement saving opportunities immediately, without the need to involve multiple Stakeholders and put in place costly and prolonged projects
- Improve operational resilience with an automated and modular infrastructure
Joint go-to-market activities and technical integrations have already begun, with the first demos showcasing the enhanced capabilities being presented to existing Clients in Q3/2025.
About BST Banking Software Training AG
BST is a leading provider of financial software solutions with a strong focus on Market Data contract management, licensing Compliance and training. Its flagship product, FinOffice, is trusted by Financial Institutions across Europe/America/Africa and Middle East to ensure clean, compliant, and cost-effective data usage.
About Exfidant
Exfidant delivers innovative software for Market Data cost management, analytics, sourcing, and governance. Its Market Data Hub (MDH) is a modern, cloud-ready platform designed to allow Financial Firms full control over their data flows, entitlements, and vendor relationships.
Media Contact:
For BST AG
Daniel Burkhardt – Chief Operating Officer
Daniel.Burkhardt@bst-ag.ch
+41795128072
For Exfidant Srl
Paolo Ciaramellano – Chief Executive Officer
paolo.ciaramellano@exfidant.com
+39 3287386225