Finastra makes Fusion Invest available through the cloud

By Megha Bhattacharya

Finastra announced that Fusion Invest, its investment management solution, is now available to customers via the cloud. The new development is expected to help asset managers to boost their operational efficiency and agility. According to Finastra, cloud implementation will enable asset managers to access the required tools for investment management. It is also expected to provide increased agility to scale and grow and to access new products and services from Finastra and its partners in areas such as portfolio management and reporting, available through the FusionFabric.cloud open developer platform.

Younes Guemouri, Senior Vice President and General Manager, 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.”

Finastra stated that Fusion Invest aims to help portfolio and investment managers with the provision of transparency and collaboration. The version supports the transition from LIBOR to alternative risk-free rates. In addition, Fusion Invest offers pre-trade accounting metrics and solvency capital ratio, yield projections, and support for IFRS9.

Cubillas Ding, Research Director at Celent, commented, “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.”