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Taking The Rackspace Hybrid Approach To The Bank

In this day and age, why do so many people continue spending most of their time working on the things that inspire them the least?

Fortunately at Kurtosys, we’ve partnered with Rackspace, a specialized cloud company that allows us to focus on our own inspiring mission of deploying sets of world class financial reporting tools so fund managers worldwide can in turn focus on the clients they readily serve.

Think about it. Let’s say you’re a fund manager with a group of clients you love working with every day. You relish in developing short and long-term market strategies to fit your client’s individual needs. One of the best things about your job should be sharing the robust results with your clients each month. But it’s actually the worst.

Seriously. Why does it take so many hands to make fact sheets for your funds? First you have to gather results into excel, push them into your documentation platform, then take time to check all the information and get approvals. It’s expensive. Time consuming. And too many times the results are not even accurate.

At Kurtosys, we’ve found a much better way to make great looking fact sheets. We pull in your data and third party information into our encrypted database to create a single trusted source to store your information.

This allows us to pipe your data into flexible and custom-designed templates that are then delivered for your approval. The advantages? The cost falls to you by nearly half. Turn around times improve dramatically and opportunities for human error are virtually removed. But we can’t do this alone.

Last year we partnered with the specialists at Rackspace to build a robust online platform utilizing both bare metal and cloud technologies to create a state-of-the-art client reporting tool for financial advisors. The combination of these technologies is called hybrid cloud computing. And it’s the reason financial advisors and fund managers can spend much more time focused on their client’s best interests.

By now, we’ve all heard of the cloud. There are many clouds out there for any type of business. After doing our due diligence, we found that none of them could customize to our demanding needs like Rackspace.

It starts with their open platform called OpenStack. Why is this important? Well, obviously when dealing with massive amounts of sensitive financial information, scale and security and are mission critical. That’s why we deploy Swift, which was built and optimized by the OpenStack community to deliver scale, durability, availability and concurrency across the entire data set. An added benefit of open technology is when we discover an immediate way to make our security even stronger, such as optimizing encryption, we can write the code and upload it into the program without having to wait for a proprietary cloud stack to produce a mission-critical upgrade.

Our clients require us to deliver massive amounts of data at random intervals economically and quickly — and our hybrid infrastructure can instantly burst through the cloud.

In the old days of banking and finance, customer service was a mere afterthought. Today, however, the world—including banking and finance—has gone digital. Customers don’t expect quick responses and access; they demand it. That’s why we appreciate the Fanatical Support teams at Rackspace. When we started the journey towards building better client reporting tools on a cloud architecture we were a small shop. Their team of specialists guided us down the right path early on, and as our clients push us into a more international direction, our partnership with Rackspace and their global reach becomes even more important.

This is a guest post written and submitted by Harry Thompson, CTO and Co-Founder at Kurtosys, a Rackspace customer. Kurtosys provides digital marketing and reporting tools to help fund managers attract and retain investor assets.

About the Author

This is a post written and contributed by Harry Thompson.

As a founder, board director and executive team member, Harry Thompson has driven technology strategy at Kurtosys since its inception in 2002. As Chief Technology Officer, Harry manages the infrastructure group who provide hosting services for Kurtosys’ software products and is leading initiatives to develop public and private cloud solutions. His career spans more than 30 years of computer systems development and implementation experience, gained across the engineering, automotive, media and banking sectors.

Harry gained a Bachelor of Science degree in Chemistry and Biochemistry from Salford University before switching his focus to technology. Aside from his special interest in internet and mobile application development, he owns and maintains a small collection of motorcycles and is a keen sportsman.


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