Andrew Eisen, Global head of EDM and thinkFolio, IHS Markit

Insurance and financial services company, CUNA Mutual Group has selected IHS Markit‘s investment platform thinkFolio, Enterprise Data Management (EDM) and EDM Warehouse solutions.

“This project represents a significant investment in our technology infrastructure that will support our long-term plan for growth, address some important functional gaps and reduce risk within our business,” said Lisa Herfel, Director of Investment Operations and Technology at CUNA Mutual Group. “IHS Markit was able to demonstrate how they could meet all of our technical requirements through a sophisticated and integrated set of solutions. The fact that they can all be delivered on the cloud and fully managed by IHS Markit will help us to focus on our business and ensure we have a scalable solution to meet future requirements.”

According to the supplier, CUNA Mutual Group will utilize thinkFolio for replacing its front office trade management system and for consolidating its pre- and post-trade compliance requirements onto a single platform. EDM solution will aim to assist the company in its data quality and integration challenges along with EDM Warehouse processing CUNA’s validated data for historical, time-series reporting for risk and performance management.

“We are really looking forward to getting started on this project to showcase the value that our combined solutions can bring,” said Andrew Eisen, global head of EDM and thinkFolio at IHS Markit. “As the industry moves from best-of-breed systems to end-to-end solutions, the work we have done integrating our technology platforms means we are well-positioned to meet this need.”

The supplier states that the integrated solutions will be delivered via a cloud-based managed service running on AWS with IHS Markit managing CUNA Mutual Group’s applications.

Recently, Israel-based Cappitech, a regulatory reporting provider and the supplier announced an alliance to deliver the IHS Markit Securities Financing Transactions Regulation (SFTR) solution.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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