Moving Fusion Invest to the cloud is expected to eliminate the concerns over the on-premise hardware deployments for asset managers
UK-based financial technology company Finastra has announced the availability of its investment management solution Fusion Invest through the cloud.
The investment management solution is designed to enable portfolio and investment managers to enhance their performance in a market that is becoming complex and highly regulated.
The availability of Fusion Invest via the cloud is intended at helping asset managers digitally transform their operations and benefit from increased agility.
According to Finastra, asset managers can gain access to all the tools for their investment management requirements through the implementation of Fusion Invest in the cloud.
Moving Fusion Invest to the cloud also eliminates the concerns over the on-premise hardware deployments, the firm said.
In addition, it enables access to new products and services from Finastra and its partners in areas such as portfolio management and reporting.
Speaking about the move to cloud, Finastra senior vice president and general manager Younes Guemouri said: “Fusion Invest in the cloud bypasses many of the shortfalls of on-premise software. Underpinned by Microsoft Azure, customers can onboard quickly and benefit from access to robust and secure investment management technology that works in real-time.
“There is no hardware to install or support, minimizing the total cost of ownership. We’re excited about the opportunity to support our customers on their technology transformation journeys to access new markets, differentiate their investment products for their clients, and support regulatory change, especially in an era of accelerated digitalisation.”
Finastra said that Fusion Invest supports collaboration throughout the investment process for the optimal alignment of the investment team, portfolio managers, risk department, and operations.
The new version of the investment management solution also supports the transition from London Interbank Offered Rate (LIBOR) to alternative risk-free rates.
In October last year, Finastra has announced the launch of its new data offering, Fusion Data Cloud.
The suite of solutions is designed to assist financial institutions to enhance customer engagement, grow revenue, digitise processes for efficiency, and manage risk.