Profile Centevo has completed its transition to an independent solution and migration to Amazon Web Services (AWS), a pivotal moment in the asset and fund management software provider’s journey toward autonomy and enhanced service provision.
Following the acquisition of Centevo by Profile, the decoupling project from the Norwegian Central Securities Depository “The Norwegian CSD” was initiated and the process was completed. The project involved exiting the Euronext data centre and building an entirely cloud-native solution by Profile Centevo.
“We are thrilled to announce that Profile Centevo is now the premier service provider in Norway with integrated connections to “The Norwegian CSD” for funds,” said Stefanos Athanasiadis, CEO at Profile Centevo.
“Our commitment to autonomy and innovation has propelled us to create our functionalities, ensuring an unmatched experience for our clients”.
Profile Centevo has now built its functionality whilst at the same time it has forged an external partnership with “The Norwegian CSD”. The company has developed its own robust message integration capabilities via sFTP, MQ, and has obtained its own SWIFT certificate as part of this transformative initiative.
Furthermore, the company has built an independent IAM solution and introduced functionalities tailored for distributors amongst various other enhancements which means more tailored and efficient services for clients.
“This achievement not only highlights our commitment to innovation and autonomy but also underscores our dedication to providing superior services to our clients,” said Dr Apostolos Kritikopoulos, Group Technical Director at Profile Group.
“The transition to AWS and the development of our independent functionalities places us in a prominent position in the financial service providers market in Norway”.
Profile Centevo is among the pioneers integrating Amazon RDS for Db2 into its Centevo Suite on the AWS cloud. The move is set to revolutionise the management of Db2 databases in the cloud.
The company said the integration will enhance its commitment to financial services, providing advanced connectivity for entities utilising SWIFT. With Amazon RDS for Db2, Profile Centevo benefits from seamless database creation and management, including Multi-AZ deployment for highly available databases.
Profile Centevo said the migration to AWS is a significant milestone, with over twenty fund managers and distributors seamlessly transitioning to the new platform. It has also migrated its message integration services, laying the foundation for a comprehensive evolution and solidifying its commitment to providing uninterrupted services whilst innovating, ultimately benefitting its clients with improved services and capabilities.
Profile Centevo remains committed to delivering innovative solutions and redefining the financial services landscape in the Nordics.
