WealthTech Firm JHC Signs New Agreement For Cloud-Based Services

Tom Burroughes

9 August 2016

, 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.