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November 21, 2013 In the news, News

Seamless end-to-end services for Capital Markets now a reality

Crosskey Banking Solutions and Model IT to build a new full end-to-end outsourcing service for fund and asset management, private banking and trading.

Crosskey will provide a new full end-to-end outsourcing service in Finland and Sweden for fund and asset management, private banking and trading. This new service will provide high agility with low life cycle costs, and it is based on Model IT OneFactor technology.

By combining Crosskey’s strong experience of running high quality non-stop services and Model IT’s deep know-how and avant-garde product development skills, the partners have created a service provision that can exceed the expectations of the industry. The partnership agreement was signed and announced this week.

– “OneFactor technology completes our in-house capabilities and product offering nicely, this is truly an opportunity for us to hand in a turnkey solution to our customers in Financial industry to handle all their needs in fund and asset management, private banking and trading”, said Thomas Lundberg, the Managing Director of Crosskey, who is very pleased with new opportunities.
– “The collaboration between Crosskey and Model IT clearly brings financial sector a new attractive alternative for handling day to day operations. We are particularly pleased with our shared plans to take OneFactor technology outside Finland” said Osmo Jauri, the Managing Director of Model IT.

These new services are offered firstly in Finland and in Sweden. Crosskey, the leading SaaS provider for financial industry in Finland and with a footprint in Sweden, is in charge of SaaS (Software as a Service) provision, customer projects and first line support and trading and transaction systems. Model IT, rapidly growing software company for financial sector, is responsible for the technology and its development. The combined know-how of our two companies within Capital Markets is extremely deep, and the intention is to bring this as a benefit to potential customers.

Model IT’s OneFactor technology is already today used by capital markets players such as eQ Asset Management and Front Capital.

For additional information, please contact:

Thomas Lundberg
Managing Director
Crosskey Banking Solutions Ab Ltd
Elverksgatan 10
+358 (0) 204 29 022

Osmo Jauri
Managing Director
Model IT Oy
Unioninkatu 13
+358 40 751 4956

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