AMX Selects InvestCloud To Power Its Exchange Solution
LONDON, Nov. 7, 2017 /PRNewswire/ -- InvestCloud Inc., a global FinTech firm, has been selected by The Asset Management Exchange (AMX) to build a bespoke digital solution for its growing client base of both asset owners and asset managers. The digital interface will provide clients with a flexible, intuitive and transparent way to access and monitor some $2 billion of investments already on the exchange.
Established by Willis Towers Watson earlier this year, AMX is a global institutional asset management marketplace. It is an open architecture exchange that provides institutional investors with a transparent and cost-effective central marketplace where they can engage with asset managers in a smarter way. For asset managers, the exchange provides easy access to significant capital on a global basis. The goal is to minimise what AMX calls "value leakage" caused by industry inefficiencies in the investment supply chain.
InvestCloud will leverage its considerable digital capabilities to build an enhanced user experience for both asset owners and asset managers who are deploying and managing significant assets on the platform. The platform will support a wide range of asset types, which will be scalable in line with AMX's growth plans.
Bill Jooste, Head of Digital at AMX, said: "AMX represents the future of institutional investing, using the power of smart technology to make investors' and managers' lives easier. We are changing the asset management model, and the initial response to our exchange has been incredibly strong. We needed to choose a partner that could match our vision and provide a superior and efficient experience for our clients, enabling us to not just save them money but also give them time back."
InvestCloud will automate and consolidate a full suite of client reports online and in app form, tailored to the needs of each specific client base.
Will Bailey, EVP for Europe and Innovation at InvestCloud, said: "AMX is the perfect kind of customer for InvestCloud. Like us, they aim to transform the way asset managers do business - taking a smart approach that not only makes things easier for both asset owners and asset managers but also increases visibility and oversight of critical investment activity.
"Asset managers across the globe are at a turning point, and digital presents a fantastic opportunity to transform their business. Done right, digital creates a whole new way of doing business, building greater efficiencies for asset managers and ensuring better business practices, as well as fostering longer and happier customer relationships."
In June, InvestCloud also announced its launch of a financial technology incubator at its London offices. The InvestCloud Innovation Center London follows the blueprint of its Los Angeles counterpart, and officially opened its doors in September 2017.
About InvestCloud Inc.
Headquartered in Los Angeles with a global presence, InvestCloud develops first-class, financial digital solutions, pre-integrated into the cloud. By empowering investors and managers with a single version of the integrated truth through its unique digital platform, InvestCloud creates beautifully designed client experiences and intuitive operations solutions using an ever-expanding library of digital modular apps. The result? Powerful products for individual investors and institutions alike, assembled on-demand to meet clients' specific needs.
Today the InvestCloud platform supports over $1.7 trillion of assets across 670 diverse clients - from wealth managers, institutional investors & institutional asset managers to family offices, asset services companies, financial platforms & banks.
For more information, visit www.investcloud.com.
About AMX
The Asset Management Exchange ("AMX") is an institutional asset management marketplace designed to bring greater efficiency to the institutional asset management industry globally and was established by Willis Towers Watson in 2017. AMX is a global marketplace where asset owners can invest in external asset managers and where asset managers can access significant capital, while cutting value leakage. AMX provides centralised back office and standardised fund infrastructure reducing cost and resource duplication, delivering scale benefits to both sides of the market while increasing transparency and asset owner control. For more information go to www.theamx.com or @TheAMXchange.
Media contact:
For InvestCloud (UK)
Rich Went
Metia
+44 (0) 20 3100 3580
Rich.Went@Metia.com
For InvestCloud (US)
Emma Smith
FiComm Partners
(917) 636-4806
Emma.Smith@FiCommPartners.com
For AMX
Jamie Kilduff
Willis Towers Watson
+ 44 (0) 20 7170 3746
Jamie.Kilduff@willistowerswatson.com
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SOURCE InvestCloud Inc.
