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Third Financial: Claranet's Managed Application Hosting brings wealth of benefits
In this case study we look at how Claranet’s Managed Application Hosting has helped to facilitate Third Financial’s wealth management platform Tercero. Claranet helped Third Financial migrate to its fully-virtualised, secure, dedicated managed server environment for a December 2011 launch. Anticipated targets that half of Third Financial’s business revenue would come from the hosted platform within a year of implementation are on their way to being surpassed.
The world of wealth management is changing fast. Like other spheres of business, it has had to come rapidly to terms with the challenges of today's fast-changing legal and technological environment. A new breed of young, wealthy and technology-literate individuals now expect to do business on their mobile devices - including managing their money. Meanwhile, a flood of new compliance regulations governing the use and transmittance of sensitive financial information means that wealth managers have had to change with the times.
Third Financial is at the forefront of this evolution. The firm has created a suite of software, known as Tercero, which enables wealth managers and private banks to deliver real-time investment management, reporting, wealth CRM, compliance oversight and mobile capabilities to their clients, delivered to the internet-connected device of their choice.
Claranet's managed hosting solutions have provided Third Financial with the ability to place the Tercero software on to a dedicated managed server helping to improve the stability, reliability and performance of the Tercero platform.