Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

KAMCO SELECTS FINASTRA TO SUPPORT RAPID GROWTH STRATEGY

Fusion Invest to power institution as it aims to sustainably increase assets under management and profitability

KAMCO Investment Company, a GCC-based investment company, has selected Fusion Invest from Finastra to help fuel its ambitions for rapid growth. The solution will support KAMCO as it scales the business, expanding its asset class coverage and the range of investment solutions it offers customers, as well as attracting new investors. The firm has an end goal of sustainably increasing its assets under management (AUM), and aims to be recognized as a premier investment manager both in the region and globally.

KAMCO will integrate all investment management operations with Fusion Invest’s single-platform approach. This will enable highly-automated workflows, consistent data and accurate risk analytics, streamlining processes across the front-, middle- and back-office. With the integrated Insight microservice, portfolio managers will be able to give investors increased visibility and transparency of their current assets and associated risk scenarios on the go. In addition, KAMCO will be able to access a wider range of asset classes, enabling it to deploy more sophisticated hedging strategies, further improving risk-adjusted returns and therefore win valuable business from new sources whilst also benefitting from reduced IT costs overall.

“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,” said Khalid Owaida, Senior Vice President and Head of IT at KAMCO Investment Company. “We view Finastra as a strategic partner – its proven investment management experience, global client base and ability to advise on best practice are very attractive to us as we expand internationally.”

Finastra won the business with KAMCO in a competitive pitch against five other solution providers. Fusion Invest was rigorously tested and was chosen based on its ability to support KAMCO’s aggressive growth plans through the strength of its core functionality, its scalability and capacity to increase automation, reduce costs and boost collaboration across the organization.

“Even with global economic uncertainty and a continually changing regulatory environment, KAMCO has been able to return excellent growth figures. Fusion Invest’s centralized portfolio and risk management features will reduce complexity and boost flexibility for KAMCO, enabling it to effectively manage assets, positions and analytics as it continues to grow its operations globally,” said Nadeem Syed, CEO at Finastra.