Matrix wins contract with RPMI Railpen to improve investment data management
Matrix, a solutions provider to asset owners and managers, has added UK investment firm RPMI Railpen to its growing client base.
Matrix was chosen because its software as a service (SaaS) solution offersenterprise data management with automation, ease of use, and updates to upstream and downstream linked services as standard, which is aligned to Railpen’s future technology plans in Microsoft Azure. Railpen is responsible for the safekeeping and investment of circa GBP30 billion on behalf of 350,000 members of the Railways Pension Scheme.
Neil Lotter, CEO of Matrix, says: “Railpen is our first major client signing in London and this is an important step for our business. This was a tough, competitive bid and I’m pleased we were able to demonstrate that Matrix can significantly reduce the time and effort currently spent ingesting, organising, and validating the data required by downstream risk and trading systems. We are genuinely excited to be working with Railpen and plan to deliver the platform to an ambitious deadline.”
Railpen says: “We take our responsibilities very seriously in ensuring we provide a first-class service to all our members. Matrix is a cloud based EDM platform on Microsoft Azure, which is fully aligned with Azure DevOps and strategically aligned with Railpen’s IT infrastructure. Matrix provides complex data on-boarding capabilities with simplified point in time mastering solutions. This delivers a reduced management burden and ongoing cost of ownership. All were crucial components of our stringent selection criteria. We believe we now have a flexible and highly adaptable solution which will support our technology requirements both now and in the future.”