Outsourcing the IT infrastructure

The safe, comfortable and future-oriented solution

FINAD AG, based in Zurich and Vienna, specialises in asset management and financial advisory services for private investors. Since its foundation in 1976, FINAD AG has steered its clients and their assets through critical phases. In 2014, FINAD decided to outsource its entire IT infrastructure to redIT’s data centre.

IT infrastructure, cloud services, cloud solutions, cloud solutions, outsourcing

Better financial decisions

When Alfred Schwarzenbach and Miguel Steiner founded FINAD AG in 1976, they were far ahead of their time. In the increasingly complex and volatile environment, they recognised that independent and transparent advice is of great importance to private investors. With FINAD, they translated their insight into a business model that complements traditional asset management with contemporary advice and an individual, diversified and consolidated asset organisation. Today, FINAD is internationally active and positioned with headquarters in Zurich and a branch office in Vienna.

FINAD AG

The increasing demand on IT

With the increasing internationalisation of FINAD, the demands on the company’s IT infrastructure also increased. Central calendars, uniform document management or uniformly regulated security standards… to name just a few of the challenges involved. All in all, the constantly growing requirements necessitated a fundamental renewal of the IT infrastructure.
Specialists from redIT were called in for this project. After an initial inventory, they recommended outsourcing the entire IT infrastructure.

Home-Office

Lack of innovation & technical complications

For a financial institution like FINAD in particular, moving its IT infrastructure out of house is a process of considerable consequence. In addition to internal requirements, a whole range of industry requirements and legal regulations must also be met in order to implement such a solution.
Besides outsourcing, other challenges had to be mastered. The numerous applications and programmes had to be centralised via appropriate interfaces. One objective was to make the three core systems CRM, portfolio management system and document management available centrally and separated to the branches.

Digital processes

Outsourcing the FINAD IT infrastructure to redIT’s data centre was anything but a routine activity for everyone involved. “redIT did not know all the systems and stakeholders” – this is how Martin Hartmann describes the initial situation – “but they dealt with them intensively and helped to find the appropriate, individual solutions! – In this project, redIT was able to contribute its core competencies as a comprehensive IT service provider with a 360° portfolio in the best possible way,” says Hartmann.
A solution was implemented for FINAD in redIT’s data centre, which was able to cover all of the financial institution’s specific requirements. The decisive factor for the success of the current solution is primarily the fact that FINAD can guarantee its customers the highest level of data security thanks to outsourcing to the redIT data centre.

Digital processes

Flexible & modern working

“In retrospect, the switch to the outsourcing system was easier than we thought,” Martin Hartmann sums up. The staff also quickly got used to the new situation. Above all, they appreciate the new freedom to use the system from anywhere and to have quick access to all relevant data. “The chosen solution is safer, more convenient, future-oriented and, according to our internal cost accounting, even more economical for us!”

Flexible & modern working

Customer

Better financial decisions

When Alfred Schwarzenbach and Miguel Steiner founded FINAD AG in 1976, they were far ahead of their time. In the increasingly complex and volatile environment, they recognised that independent and transparent advice is of great importance to private investors. With FINAD, they translated their insight into a business model that complements traditional asset management with contemporary advice and an individual, diversified and consolidated asset organisation. Today, FINAD is internationally active and positioned with headquarters in Zurich and a branch office in Vienna.

FINAD AG

Initial situation

The increasing demand on IT

With the increasing internationalisation of FINAD, the demands on the company’s IT infrastructure also increased. Central calendars, uniform document management or uniformly regulated security standards… to name just a few of the challenges involved. All in all, the constantly growing requirements necessitated a fundamental renewal of the IT infrastructure.
Specialists from redIT were called in for this project. After an initial inventory, they recommended outsourcing the entire IT infrastructure.

Home-Office

Challenge

Lack of innovation & technical complications

For a financial institution like FINAD in particular, moving its IT infrastructure out of house is a process of considerable consequence. In addition to internal requirements, a whole range of industry requirements and legal regulations must also be met in order to implement such a solution.
Besides outsourcing, other challenges had to be mastered. The numerous applications and programmes had to be centralised via appropriate interfaces. One objective was to make the three core systems CRM, portfolio management system and document management available centrally and separated to the branches.

Digital processes

Solution

Outsourcing the FINAD IT infrastructure to redIT’s data centre was anything but a routine activity for everyone involved. “redIT did not know all the systems and stakeholders” – this is how Martin Hartmann describes the initial situation – “but they dealt with them intensively and helped to find the appropriate, individual solutions! – In this project, redIT was able to contribute its core competencies as a comprehensive IT service provider with a 360° portfolio in the best possible way,” says Hartmann.
A solution was implemented for FINAD in redIT’s data centre, which was able to cover all of the financial institution’s specific requirements. The decisive factor for the success of the current solution is primarily the fact that FINAD can guarantee its customers the highest level of data security thanks to outsourcing to the redIT data centre.

Digital processes

Conclusion

Flexible & modern working

“In retrospect, the switch to the outsourcing system was easier than we thought,” Martin Hartmann sums up. The staff also quickly got used to the new situation. Above all, they appreciate the new freedom to use the system from anywhere and to have quick access to all relevant data. “The chosen solution is safer, more convenient, future-oriented and, according to our internal cost accounting, even more economical for us!”

Flexible & modern working

redIT_Testimonial_Martin Hartmann

«The chosen solution is more secure, more comfortable, future-oriented and according to our internal cost analysis even more economical.»

Martin Hartmann

Portfolio analyst and IT-Manager, FINAD AG

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