Kamco to revamp investment tech with Finastra
Kamco, an investment company in Kuwait with $10.4 billion in assets under management (AUM), has selected Finastra’s Fusion Invest platform.
Finastra says Kamco “will integrate all investment management operations with Fusion Invest’s single-platform approach” front-to-back office.
Khalid Owaida, SVP and head of IT at Kamco, says the company “recognised the need to invest” in new technology to support its growth ambitions. Finastra’s platform has the “flexibility, scalability and functionality” needed for this, he explains. The vendor can also advise Kamco on best practice due to its “proven investment management experience and global client base”.
Finastra says the deal with Kamco was won in a competitive pitch against five other solution providers.