Deutsche Börse Managed Services and Solfia sign new customer for Software-as-a-Service platform 

Deutsche Börse Managed Services and Solfia (Vermeg Group) recently signed a new customer: Contassur, a Belgian insurance company that manages the largest pool of pension funds in Belgium. Contassur will use the Vermeg Wealth/Institutional Management Software-as-a-Service (SaaS) Hub platform, which will be run from Luxembourg on the highly secured IT infrastructure of Deutsche Börse.

This is the eighth customer to on-board on the SaaS Hub, which was jointly developed by Deutsche Börse Managed Services and Solfia. All customers are important members of the financial industry in Western Europe, amongst them insurance leaders Allianz Life and Generali in Luxembourg, asset management firm Pergam and pension fund ERAFP in France. Together, these customers represent more than 60 users for several billion euros under management.

The all-in-one solution is jointly managed by Solfia, on the application side, and Deutsche Börse Managed Services, on the infrastructure and IT services side. While Solfia delivers the software application and managed services such as global administration and service desk and provides middle/back-office services, Deutsche Börse Managed Services hosts the infrastructure in its active data centres in Luxembourg and provides a full set of managed services up to the technical management of the application.

The collaboration between the two companies started in 2012 when they decided to create a joint offering pertaining to the provisioning of an Asset Management Solution in SaaS mode, allowing financial institutions to digitalise their activities. This collaboration has created a value proposition in line with the trends of the financial industry which is to migrate IT business applications from an on-premise (classic model) to an outsourced model, whether SaaS or application service provider. With both companies being accredited Professional of the Financial Sector (PSF) by the Luxembourgish regulator, the joint offering furthermore captures the added value of a complete IT solution for insurance companies, asset and wealth managers, family offices and banks.

Source: Deutsche Börse

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