About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

OFI Mandats Switches from Deployed to SaaS Version of Linedata Chorus

Subscribe to our newsletter

OFI Mandats, the investment management services provider for insurance funds within OFI Group, has switched from the in-house deployed version of Linedata’s Chorus investment accounting software to the recently released software-as-a-service (SaaS) version.

Its aim is to modernise and improve the security of the solutions it offers to its clients and, through the inclusion of Linedata’s Nile market data repository and reporting tools in the SaaS solution, to offer Solvency II compliance.

OFI Group inherited the deployed Linedata solution when it was formed by a merger in 2006. In 2007, OFI Mandats started to use Chorus for account management in its insurance business and the software was also deployed by its customers. The move from old infrastructure at both OFI Mandats and its clients to the SaaS model was made last October and, to date, five OFI Mandats clients are using the service.

Pascale Gabriel, head of IT at OFI Group, explains: “We have three objectives: to capitalise on the business expertise of the back-office team at OFI Mandats and its experience in using Linedata Chorus; to relieve our customers of their technical and functional administrative tasks so they can concentrate on core business; and to modernise and secure the IT solutions we provide. To achieve these goals, we have designed a comprehensive, modular and open offering that uses Linedata Chorus and is hosted by Linedata, but where we manage its configuration and future development.”

In terms of Solvency II compliance, Gabriel adds: “To comply with Pillar 2 of Solvency II we have built a secure, reliable and complete solution and we are also offering Linedata’s data repository to help our clients with Solvency II calculations and reporting.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches to data management for regulatory reporting

Effective regulatory reporting requires firms to manage vast amounts of data across multiple systems, regions, and regulatory jurisdictions. With increasing scrutiny from regulators and the rising complexity of financial instruments, the need for a streamlined and strategic approach to data management has never been greater. Financial institutions must ensure accuracy, consistency, and timeliness in their...

BLOG

Value of ESG Ratings, Scores Still Debated Amid Differing Reports

Consensus remains elusive over the value of aggregated ESG metrics such as ratings and other scores despite a flurry of recent studies on the contentious issue. Three issuers of ratings and indexes conducted their own research into the performance of funds and assets relative to their ratings and while two found at least some correlation...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...