This publication has latest news on product and service offerings in the North America wealth management market.

San Francisco-headquartered Calypso Technology, which provides capital markets and investment management software, has launched a new Cloud Services Division.

In addition to its Software-as-a-Service (SaaS) offering, the firm has worked on remotely-hosted enterprise apps that simplify regulatory compliance. It also has a cloud-based utility solution so that large third party service providers can manage back-office operations of several clients at the same time.

"This is a major turning point for our clients and our firm," Calypso chief executive Pascal Xatart said. "There is no doubt that the cloud will play a progressively bigger role in capital markets technology, and we expect our new Cloud Services Division to lead the industry transformation. We have taken care to ensure our range of Cloud services is flexible enough to align with the IT roadmaps of institutions of all sizes, which we believe distinguishes us from other vendors in our space,” Xatart said.

All Calypso applications run on the Oracle Cloud, but the firm also supports a do-it-yourself option for clients who want to use another cloud provider.