Mediolanum Asset Management, the Irish asset management business that is part of the Mediolanum Group headquartered in Italy, has signed a deal with IT provider Misys to implement a front-to-back office solution that will underpin its business development plans.
The latest IT development comes after the manager spent a number of years investing in data warehousing and an analytics platform.
Implementing Misys FusionInvest will build on the data that the manager has been gathering, to facilitate “the decision making process across multiple business functions within the organisation.”
Furio Pietribiasi, managing director of Mediolanum in Ireland, said: “Data is a key pillar of our organisation. Effective use of such an asset requires us to analyse both structured and unstructured data from multiple sources that can provide Mediolanum with previously unavailable insights. Unlocking these insights will allow us to shape our business strategy.”
“Our custom-designed IT infrastructure is fundamentally transforming our target operating model and is critical to ensuring that our data strategy can not only provide value to our customers and end users, but can adapt to new and ever-changing business requirements. More importantly, it provides Mediolanum with the flexibility to predict and adapt more rapidly to changes within our environment.”