A further 1,400 IT staff in the broader Asia Pacific region are responsible for the operation of the underlying systems and infrastructure that power the WSS systems. The company runs two data centres in Australia, plus several more in the region.
One of the most recent releases is a tool for collateral management, which can track complex assets, and allow super funds and asset managers to assess and more effectively manage the risk associated with various assets. This is becoming increasingly important with the passage of international regulations regarding the way in which financial risk is managed as the world's regulators attempt to head off at the pass GFC Mark II.
Australian Super, and three New Zealand funds, with combined funds under management of more than $60 billion, have recently all signed up to use the system.
According to Mark Kelley, chief executive officer of JP Morgan Treasury and Security Services in Australia and New Zealand; 'Technology is a great enabler,' for the financial sector as; 'this business is about data and information.'
He said more organisations were looking at technology as an enabler to reduce risk, ensure regulatory compliance and reduce operating expenses.