FOR IMMEDIATE RELEASE
April 8, 2019
New York, NY – Taffet Consulting, a business and technology consultancy for the global financial community, and financial technology, big data and cloud services provider Arcus Partners have announced a partnership to provide innovative cloud solutions for Capital Markets industry participants. Taffet Consulting will provide specific industry subject matter expertise and knowledge, as well business core competencies for trade life-cycle management, including front to back transaction processing, regulatory and compliance requirements, to migrate financial firms’ data to the cloud and position firms for cloud-based development on Arcus PartnersFinity360TM platform. Finity360TM solutions will allow firms of any size to store their data in a centralized data warehouse, providing them with the first crucial step in cloud migration while preparing and positioning them to adopt next-generation technologies.
“We are focused on helping our clients think about their business from a long-term perspective by including Arcus Partners’ expertise in data warehousing. Finity360TM will help firms reduce costs, simplify data storage and manage their business in an efficient manner while satisfying current regulations for our clients,” said Laura Taffet, chief executive officer (CEO) of Taffet Consulting. “With the never-ending stream of regulatory mandates and large amounts of data across product lines, there is no better time than today to migrate data to the cloud from a technology and regulatory perspective. Firms need a cloud solution and Arcus Partners’ Finity360TM will allow firms to be well positioned with their data and remain compliant for advanced and future initiatives,” said Taffet.
Following in the footsteps of other industries, cloud data warehousing and cloud computing is the future of the financial industry, and Arcus Partners is a pioneer in their field having already launched hosting, document management and analytics services on its Finity360TM cloud-based data platform for capital markets. Financial firms are looking to get away from the rigid monolith systems and move towards more flexible microservice-based architectures.
Arcus Partners’ chief operations officer (COO) Paul Stringer and chief executive officer (CEO) Gerry Murphy, both formerly of SunGard Financial Systems (now FIS) focused on brokerage and clearance solutions, developed Finity360TM to directly address the accessibility and data distribution challenges that all firms face in prevalent legacy processing environments. Finity360TM offers multiple levels of capabilities to meet current and future needs as businesses evolve and grow – from start-up hosting to sophisticated enterprise implementations that provide maximum big data and analytics.
“With Finity360TM, firms can unlock their middle- and back-office data from their existing systems, use one source of data for multiple uses, and place them on a path towards a manageable, pragmatic digital transformation strategy in the cloud − all at a fraction of current costs,” said Stringer. “The partnership with Taffet Consulting is a natural fit. Migration to the new platforms not only requires the technology, but also requires deep industry and business knowledge to design and deliver data and new microservices in the cloud. Together we believe that our clients will not only become compliant to meet regulatory requirements and deadlines, but will also be forward thinking about data retention, data usage, and storage in the cloud.”
Taffet Consulting and Arcus Partners will continue to develop services for a variety of other transaction lifecycle, regulatory and compliance, customer cloud storage, data warehouse and computing requirements to help firms of all sizes meet their strategic objectives for growth and profitability.
About Taffet Consulting
TAFFET CONSULTING is a business and technology consulting firm focused on serving the global financial community. We have extensive experience in the capital markets industry and specialize in trade processing solutions. Our expertise spans a wide range of core technical and business knowledge, from software and operations to risk and compliance, and all platforms including the innovative cloud infrastructure and microservices. We understand that, in today’s competitive and heavily regulated environment, it is difficult to find high-quality, knowledgeable resources. At our core are talented, senior consultants that design and lead implementation of high priority initiatives. Our customer base spans from large investment banks, broker dealers and asset managers to technology and vendor firms. Taffet Consulting is uniquely qualified with integration of specific operational and system processes and complex business infrastructures. For more information, visit https://www.taffetconsulting.com/.
About Arcus Partners
Arcus Partners is a technology product and cloud services provider focused on customized cloud-based big data, microservices and CRM automation specializing in cloud-based data warehouse, Salesforce.com automation, data management and customization services for U.S. and multinational financial services companies. With more than 30 years of experience in capital markets, securities back-office operations, data aggregation and system integration, Arcus Partners helps independent advisors, self-clearing broker-dealers and other financial services companies quickly and cost-effectively gain access and greater value from their mission-critical data, and maximize the functionality and use of their CRM and back-office systems. The company’s cloud-built data warehouse platform, Finity360, provides firms with a highly agile, scalable and customizable way to drive digital transformation and cloud strategies while supporting an ever-changing regulatory landscape. For more information, visit https://www.arcuspartners.com/.
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