PRESS RELEASE - London, England - February 5, 2015
OBJECTWAY LAUNCHES NEXT-GENERATION INVESTMENT MANAGEMENT PLATFORM, ILLUMAS
Objectway, a leading provider of software and services to the EMEA investment management industry, today announced the release of its next-generation wealth and investment management platform—illumas.
illumas is a fully integrated front-to-back office platform intended for a broad spectrum of wealth and investment management firms—from private banks and private client investment managers to full-service and execution-only stockbrokers. illumas is immediately available to the market beginning today and will be unveiled to the UK financial services community this evening at a special event taking place at London’s iconic ‘The View from The Shard’.
Designed for the rigorous demands of today’s UK wealth and investment management industry, illumas offers a host of innovative tools, including:
- Business process management (BPM), which seamlessly integrates and automates existing investment processes
- Embedded predictive analytics within individual application screens and a separate analytics hub
- Seamless integration with Objectway’s best-in-class eXimius Portfolio Manager software
- Front-to-back office operations and straight-through processing using management by exception
- Advanced integration technology for seamless integration with strategic systems and applications, including the Objectway Financial Suite
“illumas is a break-through platform with a unique combination of advanced features and technology; so there is currently no other product like it in the market,” said Ian Hallam, CEO of Objectway Limited in London. “It is also the first release of a new industry-strength front-to-back wealth platform in the past five years. illumas will support any wealth and investment management firm with its own distinctive growth strategy. Whether the strategy is to increase assets under management, deliver better service, increase margins, invest in products, acquire competitors—or enter new markets, geographies, or asset classes—illumas is the answer.”
Objectway acquired the illumas platform through its purchase of 3i Infotech (Western Europe), the UK division of 3i Infotech Ltd, on 23 December 2014. The former 3i Infotech division is now a wholly owned subsidiary of Objectway in the UK, named Objectway Limited, with employees in London, Birmingham, and Nantwich.
“We are excited to add illumas to our suite of products for the UK market,” said Luigi Marciano, CEO of Objectway Group. “We’ve been operating in the UK for many years now and we consider it a domestic market for Objectway. We have a strategic, long-term commitment to serving this segment with innovative products like illumas.”
On viewing the illumas platform, an IT director at a leading UK wealth and investment management firm said: “The requirement for a successful BPM service is that it enables an investment management company to take a standard front-to-back solution and configure it to their specific business model, whilst unlocking all of its data sources. With illumas, an investment manager no longer has to bend its business process around the constraints imposed by the platform. Now a company has the power to continue its business process and mould the platform around the business model.”