This publication brings latest news in the field of financial technology as it applies to wealth management.

JHC, which provides wealth management solutions such as its FIGARO Managed Service offering, has signed a new contract with global technology firm APSU for cloud-based services.

The FIGARO Managed Service provides an integrated front-to-back office solution with a web front end for client and agent access. It is hosted in APSU’s secure data centres with 24-hour technical support. FIGARO supports more than 60 major financial institutions with over £130 billion ($169.6 billion) assets under management.

“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,” John Blackman, chief executive of JHC, said.

“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,” he added.