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Adenza is launching its CapCloud software-as-a-service solution in Australia.
This will provide a cloud-based solution that meets data-residency requirements in the Australian market, along with up to 300 per cent speed improvement in handling end-of-day batch processing requirements.
It notes that the SaaS solution will enable users to integrate trading functions with operations, treasury, reserve management and regulatory reporting on a single front-to-back platform. Its CapCloud and RegCloud SaaS solutions will enable clients to deploy projects within hours, while offering scalability that will allow users to align capacity with future business expansion.
This expansion in Australia will build on the foundations that Adenza has established in Asia-Pacific markets through its Calypso and AxiomSL ControllerView platforms.
Adenza’s head of cloud services Strath Lanyon says: “We are responding to the strong growth we have witnessed in Australia with an investment in a true SaaS solution that delivers data-sovereignty compliance within the region, as well as security and agility.
“In fact, two clients will go live this year and there is a pipeline for onboarding several others in 2024. CapCloud allows new and current on-premises clients to join institutions around the world that have made Adenza a part of their strategy to let technology experts manage the environment while they focus on their businesses.
“Those clients now leverage best practices for optimised workflows and regular upgrades, taking advantage of new functionalities and regulatory modules as part of the latest version.”
