A PERPETUAL EDGE ON GROWTH

How CSI is enabling fintech applications to run as-a-service in private and public clouds – freeing users from capex infrastructure investment.

Our client:  FNZ is a leading independent software vendor (ISV) providing innovative wealth management solutions. FNZ’s Figaro and Neon applications include trading, asset management, and settlement systems for brokers and investment managers.

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Context

FNZ, the global fintech company that acquired leading UK-based developer JHC, offers clients a fully integrated front-to-back office solution with a web interface for client and agent access. In a traditional ISV model, the client would be responsible for the underlying IT environment, but today’s wealth managers don’t want to be hindered by investment in IT infrastructure and operations.

Goal

FNZ wanted to increase its client base by removing the need to purchase additional infrastructure and conduct regular upgrades to run its applications.

By adopting a cloud model, FNZ would be able to offer an innovative service based on a managed hybrid cloud environment that’s resilient, accessible, and highly secure.

Challenge

FNZ recognised that clients’ success and growth depend on access to innovative, agile, and cost-effective solutions. Therefore the business decided to offer a software-as-a-service (SaaS) model that can change as clients’ business grows.

By delivering excellent IT services, reducing operational risk and costs, FNZ will enable firms to concentrate on managing the relationships with their clients.

SAAS CLOUD SERVICES ALLOW COMPANIES TO BREAK AWAY FROM COSTLY SYSTEMS THAT LACK AGILITY, AND INSTEAD SCALE TECHNOLOGY UP OR DOWN AND COMPLY WITH CONSTANTLY CHANGING REGULATIONS - WITH SPEED AND EASE. WE ARE DELIGHTED TO BE ABLE TO OFFER THIS WITH THE SUPPORT OF CSI.

John Blackman, Group CPO, FNZ

Solution

FNZ selected CSI as a cloud partner – initially to host the Figaro application in a monitored and managed environment that is easy to configure, scalable, and protected with enterprise-grade cyber security services.

The CSI PowerCloud offers a secure platform based on the latest IBM Power Systems as well as Windows and Linux-based virtual machines, together with tiered storage and data protection services.

CSI’s cloud services allow FNZ to focus on delivering the value of their wealth management software and digital transformation services to their clients with the confidence that the underlying systems are available 24×7 – operated by a trusted partner who understands how digital assets behave in commercially critical environments.

Outcomes

The success of offering Figaro from the CSI PowerCloud encouraged FNZ to launch its Neon platform as a SaaS model only. This has opened up new markets for FNZ which is having a positive return on sales revenues and market share.

As further recognition of the impact of this initiative, CSI was the winner of the ‘Best Enterprise MSP Project’ award at the Managed Services & Hosting Summit (September 2018). Nominated by IBM, the work CSI undertook with FNZ demonstrated a project where significant business advantage was delivered to an organisation through technology and service innovation.

Now FNZ has the flexibility to offer both private cloud or public cloud models to meet client requirements.

60+

More than 60 financial institutions utilise FNZ software every day – either on-site or as a managed service.

£150BN

Total assets under management exceed £150bn. AUM per client ranges from £100m to more than £15bn.

50,000

FNZ’s Figaro front, middle, and back-office solution successfully supports over 50,000 trades every day.