Global solution provider extends delivery of its services in the region via Platform Equinix in Singapore
CoreOne Technologies, the global leading provider of financial data aggregation, management and distribution solutions, today announced they have deployed with Equinix, Inc. (Nasdaq: EQIX), in one of its International Business Exchange™ (IBX®) data centers in Singapore (SG2). The deployment will enable CoreOne Technologies to offer its VistaOne information management and reporting platforms to its growing international customer base in Asia-Pacific.
VistaOne, a subsidiary of CoreOne Technologies, delivers a leading financial platform that securely connects data from complex enterprise systems for the world’s leading fund administrators, prime brokers, hedge funds, investment banks, insurers, asset and wealth managers. The deployment in Singapore serves as the second phase of CoreOne Technologies expansion strategy, which follows implementations in Equinix’s London, Secaucus and Chicago data centers.
There is an increasing requirement for asset managers to implement more information control and a general overview of their infrastructure across the Asia-Pacific region. According to a KPMG report on regulation driving business change, banks in the region face major challenges around data management, including the need to hold and use the right data to get much closer to their customers and the ability to meet the wide-ranging and significant increases in demands from regulators and others for reporting and disclosures.
In a recent survey of asset management executives, 59% of participants acknowledged that their firms need to improve capabilities related to data aggregation process with the key gaps being attributed to a lack of data integration and workflow management across sources. The VistaOne platform was designed to provide an independent repository and distribution framework to address these issues at global asset managers and their service providers.
CoreOne Technologies selected Equinix for its proven experience working across multiple markets and its ability to adhere to local information security requirements such as the Monetary Authority of Singapore (MAS) / Internet Banking and Technology Risk Management (IBTRM) standard. As a result, CoreOne Technologies to meet regulatory requirements and bridge the gap between asset managers, regulators and the financial communities in the Asia-Pacific region.
With Platform Equinix™, CoreOne Technologies has access to a secure, power-dense, high availability and high connectivity data center environment to build a virtualized environment to handle core internal operations and deliver data management products and services to the securities industries in Asia-Pacific.
In SG2, as in London, Secaucus and Chicago, CoreOne Technologies benefits from an agile and flexible infrastructure needed to deliver high performing solutions online and withstand customer data spikes.
Direct access to more than 975 network providers and the ability to interconnect with more than 4,500 companies also using Platform Equinix, enables CoreOne Technologies to efficiently serve its 300 different licensing entities around the world, and 150 websites accessing the VistaOne platform.
Equinix’s global data center footprint of 100 facilities in 32 strategic markets also provides CoreOne Technologies with the ability to scale its services cost effectively into additional Asia-Pacific markets, when it needs to.
Ishan Manaktala, Managing Director and Global Head of VistaOne: “Launching from the Equinix IBX data center in Singapore, positions CoreOne Technologies to provide our existing global client base with consistent performance across markets, as well as bring cost effective infrastructure options to new clients within the region. As a global solution provider it’s critical that we leverage providers who have both the global connectivity and mature infrastructure capable of keeping pace with our growing client base, and Equinix consistently delivers both the global reach and stability our customers require.”
Clement Goh, managing director, Equinix South Asia: "This strategic deployment will provide CoreOne Technologies with industry-leading colocation services, the broadest interconnection options to the world's top networks and access to an increasing number of large enterprises to accelerate growth and the delivery of its services to additional users overseas."
Brian Rooney, Senior Vice President, Asia-Pacific of CoreOne Technologies: “The deployment in Equinix’s data centers is a critical investment that will enable CoreOne Technologies to extend our Prime Brokerage and Fund Administration platforms into this region. Equinix provides an agile and flexible architecture that allows us to remain competitive in this dynamic market”