CUNA Mutual Group selects IHS Markit for combined investment and data management platform in the cloud
CUNA Mutual Group (CUNA), an insurance and financial services company that provides financial services to cooperatives, credit unions, their members, and other customers worldwide, will implement IHS Markit’s (IHS) investment management platform, thinkFolio, and its integrated Enterprise Data Management (EDM) and EDM Warehouse solutions.
IHS is a London–based global information provider of information, analytics and solutions which will provide CUNA with market information and data management solutions via a cloud-based managed service running on Amazon Web Services whereby IHS will manage the applications on CUNA’s behalf.
CUNA is replacing its front office trade management system with thinkFOlio to consolidate its pre- and post-trade compliance requirement onto a single platform. The new system will also enable the company’s portfolio managers to better model trades and portfolios and improve the cash forecasting process. EDM will sit at the centre of CUNA’s data processes and address the firm’s data quality and integration challenges. The clean, validated data will then pass into the EDM Warehouse.
“This project represents a significant investment in our technology infrastructure that will support our long-term plan for growth, address some important functional gaps and reduce risk within our business,” says Lisa Herfel, Director of Investment Operations and Technology at CUNA. “IHS Markit was able to demonstrate how they could meet all of our technical requirements through a sophisticated and integrated set of solutions. The fact that they can all be delivered on the cloud and fully managed by IHS Markit will help us to focus on our business and ensure we have a scalable solution to meet future requirements.”
“We are really looking forward to getting started on this project to showcase the value that our combined solutions can bring,” says Andrew Eisen, global head of EDM and thinkFolio at IHS. “As the industry moves from best-of-breed systems to end-to-end solutions, the work we have done integrating our technology platforms means we are well-positioned to meet this need.”