PATRONAS WINS INNOVATION DRIVER FROM AUSTRIA AS A NEW CUSTOMER
PATRONAS wins innovation driver from Austria as a new customer and records increasing momentum in the pan-European market
Freiburg, 18.10.2022: Following the sales successes of the past months in Germany, the Vienna-based Quantic Financial Solutions, an innovation driver in the industry, has now been acquired as a new customer.
Quantic Financial Solutions develops high-end risk and asset management solutions for financial institutions, investment professionals and enterprises based on DeepData® solutions. Already in 2018, Quantic Financial Solutions had developed a fully automated DeepData® investment engine for single-asset strategies. Based on fundamental information about millions of companies, these solutions enable economic analysis and forecasting – of companies, industries, geographic regions and world markets – at any point in the future. Today, Quantic Financial Solutions’ client base comprises top-100 global institutions, including regional and international banking and insurance companies, several of the world’s largest accounting firms, and leading asset management service providers.
PATRONAS proved persuasive with its solution PATRONAS QuickStart, whose features include an investment limit check within seconds as well as real-time order placement, while ensuring compliance with fund-specific limits and all regulatory requirements. Thanks to the expertise of the PATRONAS project team, it was even possible to realise the project within only eight weeks - from planning, implementation and training till going-live in mid-October, allowing the bond and equity ETF strategies to be efficiently implemented by Quantic Financial Solutions.
Hans-Michael Schania, Managing Director of Quantic Financial, is looking forward to the go live and the cooperation: "With PATRONAS QuickStart, we have chosen the right software for our new fund project and are looking forward to the roll-out."
He continues: "We expect PATRONAS QuickStart to ensure compliance with all regulatory requirements and smooth collaboration with our counterparts. Our team is already benefiting from the commitment and positive cooperation during onboarding by PATRONAS. With this confidence, we now want to start the live operation of our new product!"
Carsten Osswald, Managing Director of PATRONAS Financial Systems, is very pleased about the cooperation with Quantic Financial: “The fact that we have acquired Quantic Financial Solutions as a new customer in Austria shows that, with our software, we are also proving persuasive to highly demanding companies in our neighboring country. PATRONAS QuickStart is the ideal solution for a dynamic asset manager like Quantic Financial Solutions.”
About PATRONAS Financial Systems GmbH
PATRONAS Financial Systems GmbH, a company of the niiio finance group AG, is a leading software provider for the international investment industry. PATRONAS offers integrated portfolio, risk, compliance and order management solutions for investment managers, advisors, administrators and trading desks.
The company was founded in 2003 by Carsten Osswald and Heribert Steuer.
Further information: www.patronas.com
Press contact:
PATRONAS Financial Systems GmbH
c/o Norwin Schörrig
Schnewlinstr. 12
D-79098 Freiburg
Phone: +49 761 400 688 36
Mobile: +49 175 582 7000