KAMCO Investment Company has decided to implement Finastra’s Fusion Invest solution.
Finastra offers technology solutions for a range of financial sectors, including retail banking, lending transaction banking, treasury and capital markets, investment management and technology enabled managed services.
The investment management solution provides clients with detailed investment analytics and risk management. Its real-time investment book of record also helps with the compliance, collateral management and investment accounting of a client’s portfolio.
KAMCO will integrate its investment management processes with Fusion Invest’s, enabling automated workflows, data and risk analytics, and front, mid and back office task streamlining. These new capabilities will give portfolio managers increased viability and transparency of current assets and risk scenarios.
The technology will allow KAMCO to continue its business growth as it expands it asset class reach, and the types of investment solutions available to customers. KAMCO’s aim is to increase the sustainability of its AUM and its recognition as an investment manager.
KAMCO senior vice president and head of IT Khalid Owaida said, “We recognized the need to invest in a world-class solution to support our ambitions for growth. Fusion Invest provides us with the flexibility, scalability and functionality we need to expand our business, enhance our performance and also support our hedging and risk management capabilities.”
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