3i Infotech, a global provider of IT solutions, and Third Financial Software, provider of wealth management software solutions, today announced a partnership to provide wealth and asset management firms with a wealth management platform that combines a next generation front-office with proven back-office technology.
The partnership marks an important strategic step for 3i Infotech's European business and underlines its long-standing commitment to its well established customer base that includes some of the UK's leading financial institutions. Third Financial, with its tercero Wealth Workstation provides solutions for portfolio management, compliance, client relationship management, document management, and on-line access for investors and intermediaries.
Ian Hallam, Chief Executive Officer, 3i Infotech - Western Europe, said: "We strive to deliver solutions which exceed client expectations and provide them with the tools needed to deliver unparalleled servicing to their own clients in turn. We recognised a similar ambition and focus on customer service quality in Third Financial, whose front-office technology provides both the user experience and flexibility that today's wealth manager demands. We are committed to investing and partnering with sector leaders, to provide solutions which are both leading edge and robust."
Founding Director of Third Financial, Gary Linieres added: "Being chosen by 3i Infotech as the best in class portfolio management system is a strong message to the market. We are 100% dedicated to providing the market leading front- and middle-office technology to meet the increasing market requirements for modern, scalable systems. Our product tercero will help provide 3i Infotech's clients access to innovative functionality for model-based investment management, relationship management, compliance, suitability and client servicing. The drive for regulation, coupled with a sector requirement for transparency and ultra-efficient back-office processes is driving new demand for quality front-to-back solutions."
The 3i Infotech and Third Financial partnership will provide strategic solutions tailored to the needs of both organisations' investment management clients. 3i Infotech is the UK market leader in asset management solutions, with six out of the top ten UK private wealth managers using its software and services.* Third Financial recently announced six new clients in 2011, with a revenue forecast of 75% growth for the year.
*PAM 2010