Dublin-based asset manager Mediolanum Asset Management has chosen private financial cloud provider Options as its new managed application and hosting provider.
The deal sees Options deliver FusionInvest, Misys’ fully integrated portfolio and risk management solution, as a fully managed service for Mediolanum in partnership with the technology consultancy firm, Cronos Consultants Group. The announcement follows Mediolanum’s recent decision to overhaul its entire IT platform to implement a new front-to-back data management solution in conjunction with Misys.
Mediolanum will leverage Options managed application solution, Momentum. Momentum combines a global platform, for hosting dozens of customer proprietary applications, with a standardised platform for the delivery of the leading front, middle and back-office financial systems. The platform is fully managed, resilient, highly secure and compliant.
Commenting on the implementation, Furio Pietribiasi, Mediolanum Managing Director in Ireland, says: “The redesign of Mediolanum’s target operating model and data management system demanded a private financial cloud provider with experience of complex implementations that could facilitate our ambitious plans. Options’ existing global infrastructure, a Tier 3, highly secure private cloud, would allow our investment professionals to engage with the portfolio 24/7, anywhere in the world, with obvious improvements on our overall on-going business continuity.”
Nigel Kneafsey (pictured), Options CEO and founder, says: “We are delighted to be working with Mediolanum to deliver FusionInvest as a managed application service. Options’ best-in-breed financial technology infrastructure makes for a powerful platform that will allow Mediolanum to leverage a state of the art order management system in FusionInvest. This innovative solution, unique to the asset management sector in Ireland, is a significant milestone for Options and further strengthens the firm's standing as a global leader in the delivery of managed financial applications.”
