Fearnley Securities has chosen TietoEVRY to deliver its new SaaS Securities Trading platform.
With this new partnership agreement, Fearnley Securities can be assured that IT operations related to securities trading and settlement run smoothly, with future scalability capabilities, substantial cost savings and easier day-to-day IT operations.
As one of Norway’s leading full-service independent investment banks, Fearnley Securities has worked closely with TietoEVRY for several years. Fearnley Securities is a long-time customer of TietoEVRY, using the on-premise ProBroker solution for its securities brokerage operations. Fearnley Securities is now taking its cloud journey to the next level, moving to a Software-as-a-Service (SaaS) solution in a private cloud.
“Moving one of our core systems to SaaS is part of our new overall IT strategy,” said Olav Amlie, Deputy CTO at Fernley Securities. “We want to take full advantage of the cloud and outsource applications like ProBroker. We reviewed the market for other alternative providers and solutions, but decided to stick with ProBroker as it continues to represent the best solution for our needs. Now, by moving to a SaaS deal with TietoEVRY, our IT team can focus on areas where they have more expertise and can add more value. By taking this step to the cloud, we also hope to become more agile and efficient in our operations. »
“Moving to the cloud will provide Fearnley Securities with a more flexible and scalable solution that removes the need to manage and update software and hardware. With hosting removed from the equation, the focus can shift to end customers and exploring new digital opportunities, which is in line with Fearnley Securities’ ambition,” says Dag Hasvold, Head of Equities, funds and savings within Wealth at TietoEVRY.
“TietoEVRY is proud to have been trusted by Fearnley Securities to operate its securities trading platform for years to come,” continued Dag Hasvold. “Fearnley Securities has been a valued member of our client community for many years, and this agreement confirms that our market-leading solution, combined with our support services and local expertise, makes it a winning formula.”
ProBroker SaaS services are part of the TietoEVRY Wealth Platform. ProBroker SaaS supports securities trading, clearing and settlement, serving retail and institutional feeds. It’s all supported by open APIs, allowing customers to expose their services through digital channels and benefit from the platform’s growing partner network.