Currency Strategy Manager Optiminvest Chooses Penta For Cloud-based Financial Software
Swiss-based OptimInvest currency managers have chosen the cloud computing provider Penta to deliver secure and audited financial software.
- (1888PressRelease) March 21, 2014 - The specialist provider of currency management services OptimInvest has chosen Penta's cloud solution to host its proprietary currency management software.
Geneva-based OptimInvest, formerly Overlay Asset Management, has delivered tailored currency solutions to clients since 1998. The company operates under Swiss law and is regulated by the OAR-G (Organisme d'Autoregulation des Gerants de Patrimoine), which in turn is affiliated with the Swiss Financial Market Supervisory Authority (FINMA). FINMA enforces strict compliance standards with regards to outsourced services, standards met by Penta's services.
"Data security and confidentiality are central to our product and business," says OptimInvest CEO Hélie d'Hautefort. "Both companies operate under Swiss law and the rigorous compliance standards set by FINMA. This made Penta the obvious partner when we sought to streamline our IT infrastructure."
Penta offers a uniquely secure, regulatory compliant and independently ISAE3402-audited private cloud IT infrastructure, which allows businesses in sensitive sectors, such as finance and banking, to take full advantage of cloud computing.
"Organizations across all sectors are looking to cloud-based IT solutions to make the most of the opportunities that the technology has to offer, such as lower costs, increased uptime and better data security," says Penta COO Hossein Fezzazi. "However, tightly regulated industries cannot always use off-the-shelf cloud solutions. Penta's private cloud infrastructures comes pre-approved as compliant with the major financial authorities, and is independently audited every year, precisely to cater to those regulated industries."
Penta's most recent ISAE3402 audit was performed by EY (Ernst & Young) and covers the period from October 2012 to September 2013. The audit noted "no deviations" on any of the 17 control points.
The Penta audits are available to clients who need to report on their IT compliance to regulatory bodies, such as FINMA, the USA's Securities and Exchange Commission (SEC), and the UK's Financial Services Authority (FSA), at no extra cost.
Contact: Peter Philp, communications manager, +41 78 769 0035, peter ( @ ) penta dot ch dot
About Penta
Penta is a private cloud-based information system management company founded in 1996 and headquartered in Geneva, with offices in Dubai's DIFC. Its clients are predominantly in the financial sector and other sensitive industries that require high reliability, data security, regulatory compliance and ensured business continuity. Penta's approach is to partner with clients to supply a complete IT package in order to add value to operations and ensuring a better return on IT investments. Additional information is available at www.penta.ch.
About OptimInvest
OptimInvest, formerly registered in Switzerland as "Overlay Asset Management", is a leading specialist currency manager, providing tailored currency solutions in multiple absolute return strategies and currency overlay mandates. OptimInvest primarily uses quantitative analysis of historical currency market prices to identify directional and non-directional opportunities in foreign exchange markets that drive positioning across all major currency pairs in both developed and emerging markets. Additional information is available at www.optiminvest.ch.
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