On January 18, 2021, Finastra announced that its investment management solution, Fusion Invest is now available to customers via the cloud. Fusion Invest is made accessible because it will help managers digitally transform their operations and benefit from increased agility and improved operational efficiency.
The amalgamation of cloud and Fusion Invest means asset managers can access all the tools to support their investment management requirements without worrying about hardware deployment on-premise. The investment management solution and its partners will help Fusion scale and grow and access its innovative products and services in portfolio management and reporting.
Younes Guemouri, Senior Vice President and General Manager, Finastra, has taken accountability for Finastra’s investment management business unit to drive growth globally.
Speaking about the move to the cloud, he 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 digitalization.”
The investment management solution helps portfolio and investment managers perform better in the marketplace, becoming complicated day by day. Fusion Invest is a platform that, after combining with a business, gives transparency and ensures the right amount of collaboration between the investment team, risk-takers, and portfolio managers.
Cubillas Ding, Research Director at Celent, comments, “As cloud computing accelerates, we are seeing stronger levers available for firms to create optimal sourcing strategies. Whilst operational strategies are not uniform, the right ones will enable asset managers and asset owners to put their best foot forward in capturing investment alpha. There are opportunities to employ technological advancements and ‘as-a-service’ propositions to drive multiple phases in the realization of business value.”