AlphaOmega, a fintech specialising in the lifecycle management of financial information, is reshaping the production of reports for the fund industry. Thanks to its highly scalable operational and technological model, AlphaOmega is realising the full potential of its robust yet innovative platform, built in Luxembourg. ‘We have clustered the performance of financial report production and dissemination.’
Antoine Capone, Xavier Morin and Cédric Plumacher founded AlphaOmega in 2017. In the course of their careers in the world of asset management, the three partners became aware of the difficulties encountered by the industry in producing consistent reporting at competitive prices and in complete independence. This enables us to be highly responsive and accessible to customers,’ comments Xavier Morin, in charge of set-up and control at AlphaOmega. This hybrid approach between business and technology makes AlphaOmega a genuine fintech on the Luxembourg and European landscape.
Technology, a key ally
The fintech, which supports more than 150 customers, mainly in France, the UK, Luxembourg, Switzerland and Ireland, ensures the reliability of its end-to-end services. At the heart of this system is a unique database, fed continuously by a data management team and able to adapt to all types of data, formats, etc.... Their mission is to guarantee the quality of incoming data and avoid ‘garbage in/garbage out’, producing reports that are different but consistent in their results. Finally, a control team assists customers in setting up the services and understanding the results in the reports produced. This operating model is supported by an interactive platform enabling AlphaOmega's customers to respond to all their needs in real time.
‘To support all this, technology is a first-rate ally. Right from the start, we made sure we had the tools we needed to meet a range of challenges, using cutting-edge technologies,’ says Xavier Morin. Behind our services, we have a development team that supports the business and is constantly working to streamline processes and improve the user experience. The other challenge is to keep pace with the growth of our business and the volume of reports we produce, with some customers producing several thousand reports every year.
Greater scalability thanks to containerisation
In pursuit of these ambitions, AlphaOmega turned to DEEP to benefit from a managed environment that provides optimum flexibility and agility. ‘More specifically, we're relying on the OpenShift platform, designed by Red Hat, which provides access to the many benefits of Kubernetes containerisation,’ explains Yoan Fath, Head of Magical Front End Team at AlphaOmega. These advanced solutions allow us to concentrate on our applications, which are developed using a native cloud approach. The automation possibilities offered by the platform help to speed up the production launch of our developments. We've gained considerably in terms of agility and scalability.
As part of its ongoing drive to streamline IT, the fintech is a pioneer in the adoption of the most modern functionalities and components. As a result, the IT resources deployed can be easily adapted in line with the constant drive for efficiency in customer solutions.
Security, a key issue
This platform is complemented by the Advanced Security Cluster solution, which protects Kubernetes containerised workloads in various cloud and hybrid environments,’ adds Xavier Morin. This entire environment is managed by the DEEP teams. As a Support FSP, our partner provides us with the necessary guarantees in terms of the solution's compliance, as well as ensuring a high level of availability and security for the services offered. Together with our partners, we have the opportunity to constantly explore the tools and technological advances that can take us even further.
Increased agility and flexibility, for better growth
This environment should enable AlphaOmega to continue its growth and attract the major players in the fund industry. ‘The scalability of our production tools is essential if we are to keep moving forward and be able to take on new clients or meet the needs of players in other sectors, such as banking and insurance, who are also faced with numerous challenges in terms of information management,’ concludes Xavier Morin.
