JHC, a provider of wealth management solutions, has signed a new contract with technology firm APSU for cloud-based services to offer its FIGARO Managed Service in a SaaS model.
Through the FIGARO Managed Service, JHC offers clients a fully-integrated front-to-back office solution with a web front end for client and agent access, managed by its technical experts.
Following the agreement, FIGARO offering will be hosted in APSU’s secure data centres with 24 hour technical support.
JHC in a press statement said software vendors are recognising the need to offer a SaaS model that can change and grow as their clients’ business develops, deliver first-rate IT services and reduce operational risk and costs.
Currently, FIGARO supports more than 60 major financial institutions with over £130bn assets under management and executing in excess of 50,000 trades daily.
JHC CEO John Blackman said: “By partnering with APSU, we are ensuring that together we have the infrastructure and expertise to offer our clients the successful FIGARO Managed Service as a SaaS model, representing a highly flexible, secure, reliable and cost-effective option.
“The SaaS model empowers companies to break away from legacy systems that are costly to operate and maintain, to offload non-differentiating IT functions and to benefit from industry leading functionality and frequent upgrades, including the latest regulatory changes, without increasing their investment in technology and associated resources.
“We are delighted to be able to offer this service with the support of APSU, who bring vast experience and expertise in delivering fully managed cloud solutions provisioned on Europe’s largest privately-owned network and managed by an accredited cloud builder and cloud infrastructure Business Partner.”
APSU CEO Steve Morris said: “We are proud to have been selected by JHC to deliver its core FIGARO application in a SaaS model, providing a fully managed, secure and scalable cloud solution. I feel that both companies have clear goals to deliver innovation and improve the customer experience with operational excellence. We believe that FIGARO Managed Service is the next step and the right choice for JHC’s clients.”