Tesselate Africa, a subsidiary of Tesselate Group, and Finastra, the largest pure-play software publisher serving the entire financial services industry, today announced their partnership. Tesselate Africa is now certified as a distributor of Finastra’s Fusion Invest solution, providing a full front-to-back experience for asset managers in Morocco.
“With Finastra’s global presence and proven technology, combined with Tesselate’s local expertise, this move gives asset managers access to our agile, open and collaborative solution to streamline operations and enhance transparency. Fusion Invest speeds up investment processes in a streamlined manner with predictable deployment and world-class product support, ”said Younes Guemouri, Senior Vice President and General Manager of Fusion Invest, Finastra.
In today’s uncertain market conditions, asset management companies must balance the needs of their local clients with the demands of international regulations, increasing fee pressures and the adoption of new technologies. In Morocco, the focus has been on portfolio management and risk management solutions that can both streamline a controlled investment process and ensure transparency in risk analysis and performance.
“Through this partnership and our centers of excellence in Morocco, Tesselate Africa aims to contribute to strengthening Morocco’s position as a dynamic financial center in Africa and to consolidate its regional position as a financial hub”, added Said. Guida, Managing Partner of Tesselate Africa. “We are delighted to be working with Finastra to bring their proven technology to the region in support of our ambitions.”
With Fusion Invest, asset managers can implement new portfolio strategies simply, quickly and with greater efficiency. Robust models monitor the portfolio and balance risk management throughout the investment decision process, it said in a statement Tuesday.
Tesselate has over a decade of experience advising and managing dedicated technology projects to the financial sector, with expertise in corporate banking, risk management, capital markets and asset management. He has extensive experience in managing complex projects, helping financial institutions deal with organizational and operational changes to support business growth.