FRS updates fund administration software
13 July 2020 Dublin
Image: FRS
Financial Risk Solutions (FRS) has added a continuous deployment service to its fund administration software, InvestPro.
The new service will reduce implementation risk and provide upgrades for new and existing clients in the global life assurance, and asset and wealth management sectors.
FRS incorporated the new services into InvestPro following growth in assets under management (AUM), which requires modern technology for operational efficiency and regulatory compliance.
The continuous deployment service allows FRS’s software development and IT operations teams to test the latest version of InvestPro without affecting the resource of the client’s infrastructure, as well as removing any possible uncertainties in upgrades.
Ceall O’Dunlaing (pictured above), chief technology officer at FRS, explained: “Unlike many industries where software has a wide user base and the more obscure faults are little more than an annoyance, for financial companies the smallest code defect can result in significant financial loss, reputational damage or regulatory fines.”
“Our clients control over $300 billion AUM daily using InvestPro, so it is easy to see why their fault tolerances are close to zero.”
“We understand that InvestPro is one part of a client’s technology stack and that interoperability is key to success for all. By offering continuous deployment, we are able to lower the entire system risk for clients and ensure our software continues to deliver the compliance capabilities and efficiency gains expected of us.”
The new service will reduce implementation risk and provide upgrades for new and existing clients in the global life assurance, and asset and wealth management sectors.
FRS incorporated the new services into InvestPro following growth in assets under management (AUM), which requires modern technology for operational efficiency and regulatory compliance.
The continuous deployment service allows FRS’s software development and IT operations teams to test the latest version of InvestPro without affecting the resource of the client’s infrastructure, as well as removing any possible uncertainties in upgrades.
Ceall O’Dunlaing (pictured above), chief technology officer at FRS, explained: “Unlike many industries where software has a wide user base and the more obscure faults are little more than an annoyance, for financial companies the smallest code defect can result in significant financial loss, reputational damage or regulatory fines.”
“Our clients control over $300 billion AUM daily using InvestPro, so it is easy to see why their fault tolerances are close to zero.”
“We understand that InvestPro is one part of a client’s technology stack and that interoperability is key to success for all. By offering continuous deployment, we are able to lower the entire system risk for clients and ensure our software continues to deliver the compliance capabilities and efficiency gains expected of us.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
