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Finastra, the financial services platform, yesterday said that its investment management solution Fusion Invest can now be used via cloud computing.
Fusion Invest supports collaboration through the investment process. Its latest version also supports the transition from LIBOR to alternative risk-free rates. In addition, Fusion Invest caters to insurance asset managers – offering pre-trade accounting metrics and solvency capital ratio and yield projections.
Younes Guemouri, senior vice president and general manager, has taken responsibility for Finastra’s investment management business unit to drive growth globally.
“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,” he said.