Mediolanum International Funds Limited (“MIFL”) has chosen PaSS – the buyside cloud-based managed service solution from Alveo – to automate data management and access to data for analytics.

PaSS allows MIFL to increase efficiency while providing a flexible and scalable data management solution. Alveo’s managed services is rooted in deep domain knowledge and experience addressing customers’ data onboarding, integration, and distribution challenges. PaSS can be used to flexibly address data management use-case requirements and specifically focuses on faster implementation timelines and ROI delivery. Through supplying-maintained feed integration, PaSS reduces both running costs, optimizes data sourcing and lowers the cost of change due to new data requirements or changes in sourcing.

Barry Noonan, Chief Information Officer, MIFL, said: “We are pleased to work with Alveo in managing our instrument market and reference data on the PaSS platform. We needed a scalable solution that could tap into different external data sources. As we focus on better returns for our clients, we require better access for our data scientists and need to ensure we are using high quality financial data”.

Gary Appleby, Head of International Sales, Alveo, said: “We are delighted to welcome MIFL to Alveo’s growing customer base. MIFL is an innovative fund group that – like many other firms – faces increased data intensity in its investment operations. Using PaSS for data management allows our clients’ teams to focus on value-added activities such as data analysis and optimization.”

Alveo onboarded MIFL and delivered the transition to PaSS within a few months with no major issues. The solution for MIFL includes a host and run managed service offering for reference and pricing data, Alveo’s new user experience Ops360 and integration to different third party outside sources as well as internal applications.