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

XSP Picks Tier 3 to Host Data Centre and Technology Infrastructure Requirements

Subscribe to our newsletter

XSP has selected Tier 3, which calls itself an infrastructure as a service (IaaS) provider, as a strategic partner to host and maintain its data centre and technology infrastructure requirements. According to the vendor, Tier 3 will also provide an environment for hosting its User Acceptance Testing (UAT) and software automation labs.

The corporate actions processing vendor says that its selection of Tier 3 was predicated on its ability to rapidly provision and secure technology assets, as well as providing a “high degree of flexibility” with its On-Demand platform.

Dan Retzer, managing director and chief technology officer at XSP, says: “XSP requires an alternative to the traditional approach to IT infrastructure and data centre support that is capable of keeping pace with our demands for growth, security and flexibility. Most managed services providers only partly meet our needs. We realised that the technology reached sufficient maturity for us to seek a provider that specialises in virtual technology for greater uptime and performance. Tier 3’s platform provides a proactive approach to delivering our internal applications, as well as meeting our clients’ demands for streamlining the UAT and implementation process.”

XSP hopes to achieve a more streamlined implementation process for its clients via the partnership agreement. Accordingly, Tier 3’s On-Demand platform will allow the XSP solution to be configured and deployed in a purely virtual environment. The vendor claims this simplifies the deployment process by safely replicating virtual XSP images from the Tier 3 On-Demand platform to a client’s virtual server infrastructure without the duplicated effort and expense associated with migrating solutions from a development environment to a UAT environment and ultimately to production.

Jared Wray, principal at Tier 3, explains: “Tier 3 provides them with a highly scalable and secure enterprise class platform without the associated costly hardware and infrastructure acquisition normally associated with IT. Tier 3 has expertise in all aspects of providing IaaS and we handle all the details so XSP can focus on their core business.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: ESG data sourcing and management to meet your ESG strategy, objectives and timeline

ESG data plays a key role in research, fund product development, fund selection, asset selection, performance tracking, and client and regulatory reporting, yet it is not always easy to source and manage in a complete, transparent and timely manner. This webinar will review the state-of-play on ESG data, consider the challenges of sourcing and managing...

BLOG

AI Integration in Capital Markets: Current Trends and Future Directions

Although artificial intelligence (AI) and machine learning (ML) have been widely used in the capital markets sector since the 2000s, the emergence of generative AI (GenAI) within the last 18 months has spurred a significant increase in investment in AI tools and technologies. This trend is set to continue as AI is deployed and utilised...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Enterprise Data Management, 2009 Edition

This year has truly been a year of change for the data management community. Regulators and industry participants alike have been keenly focused on the importance of data with regards to compliance and risk management considerations. The UK Financial Services Authority’s fining of Barclays for transaction reporting failures as a result of inconsistent underlying reference...