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Third Financial hires Claranet to provide secure systems

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For more information : - To book an appointment or to discuss our Managed Application Hosting services : Call us : 0845 355 2000 - Email us : The challenge Driven by its comprehensive Tercero wealth management platform, Third Financial has enjoyed spectacular growth in the four years since its founding. As it grew, however, the company found itself facing the same problem: potential clients loved the software and the capabilities it offered, but many did not have the technical ability, infrastructure or willingness to host it themselves. "Our customers are experts in money management but tend not to be particularly proficient in IT," explained Third Financial's CEO Stewart Foster. "If they wanted to deploy the Tercero suite they used to have two choices: either to host it on their own premises, or put it into a dedicated hosted environment in a data centre. For many of our customers, both options added another layer of expense and management. Few of our clients want to spend time and money buying licences or hardware, and then managing the resulting IT issues. All of this distracts them from their core business of managing their clients' money. "The whole point of the Tercero platform is that it provides everything our clients need – reporting, compliance, customer relations and portfolio management – in a single package. The additional investment in hosting that many of our prospective clients required, typically costing tens of thousands of pounds, threatened to become an obstacle to our expansion," said Foster. Third Financial decided to find a technology partner that could provide a secure and resilient hosting service for its application suite, and that could enable it to deliver Tercero as a cloud service, rather than one that the clients hosted and managed themselves. After putting out a tender, Third Financial chose Claranet to deliver the hosting platform that would best support its software, and its future success. Third Financial The world of wealth management is changing fast. Like other spheres of business, it has had to come rapidly to terms with the challenges of today's fast-changing legal and technological environment. A new breed of young, wealthy and technology-literate individuals now expect to do business on their mobile devices – including managing their money. Meanwhile, a flood of new compliance regulations governing the use and transmittance of sensitive financial information means that wealth managers have had to change with the times. Third Financial is at the forefront of this evolution. The firm has created a suite of software, known as Tercero, which enables wealth managers and private banks to deliver real-time investment management, reporting, wealth CRM, compliance oversight and mobile capabilities to their clients, delivered to the internet-connected device of their choice. Claranet brings a wealth of benefits to Third Financial Case study Third Financial Managed Application Hosting

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