Mediolanum International Funds (MIFL) has selected Alveo’s PaSS solution to automate data management and access to data for analytics.
The buyside cloud-based managed service solution can be used to address data management use-case requirements and specifically focuses on faster implementation timelines and return on investment delivery.
PaSS aims to reduce running costs, optimise data sourcing and lower the cost of change due to new data requirements or charges in sourcing.
The solution for MIFL includes a host and run managed service offering for reference and pricing data, Alveo’s new user experience Ops360 and integration to different third party outside sources as well as internal applications.
Barry Noonan, chief information officer, MIFL, says: “We needed a scalable solution that could tap into different external data sources. As we focus on better returns for our clients, we require better access for our data scientists and need to ensure we are using high quality financial data”.
Gary Appleby, head of international sales, Alveo, adds: “MIFL is an innovative fund group that – like many other firms – faces increased data intensity in its investment operations. Using PaSS for data management allows our clients’ teams to focus on value-added activities such as data analysis and optimisation.”
In December, Alveo rebranded from Asset Control. The new name reflects the company's evolution to an integrated financial data management and analytics cloud services business.
