The past few years have seen great strides by as-a-service, cloud-based solution providers. Several industries have already shifted significantly in this direction with notable success in the areas of CRM, training & competence and business intelligence tools.
Some notable areas have lagged behind, in particular Financial Markets where the business-critical functions of trading, banking and wealth management have yet to take the leap of faith.
Times, though, are changing
Many of the early concerns were focused around data security and software performance. The former is slowly being met as organisations become used to the fact that servers protected by Tier 1 cloud providers are considerably safer than self-maintained hardware. And performance continues to improve, mostly driven by the needs of the fast-growing cloud gaming community. Many companies are also becoming well versed in the running of their own private clouds, reaping the benefits of flexibility, but without allowing sensitive data off-site.
Companies may find it hard to leave behind their much loved and heavily invested infrastructure, however the inexorable drive to reduce costs leads to one conclusion. Cloud based solutions, whether private or public, offer economies of scale that are difficult to compete with.
Axia by Profile Software
Profile Software has a long history of providing complete wealth management platforms, and is well set to be a successful pioneer of cloud-based solutions. Axia is its newly launched, cloud-based, fully flexible wealth management platform. Its ability to run either on-premises or in a secure private cloud environment, provides the flexibility and high levels of security required by wealth managers. In an environment where margins are under an ever increasing pressure, now is the perfect time to consider whether you could drastically reduce your cost of ownership by moving to a cloud-based Profile Software solution.
About Profile Software
Founded in 1990, Profile Software (www.profilesw.com) is a specialised software solutions provider with offices in key financial centers and a presence in 35 countries across Europe, the Middle East, Asia, Africa and America delivering market-proven solutions to the investment management and banking industries. Following the successful acquisition of Login SA, the Paris-based treasury software provider, the range of solutions offering has been enriched, whilst these can also be implemented as stand-alone. Profile Software is recognised as an established and trusted partner by international industry specific advisory firms. Profile Software’s solutions enable organisations to align their business and IT strategies, while providing the necessary business agility to proactively respond to the ever-changing market conditions
