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CubeLogic explained it developed the cloud-based version of its software after receiving enquiries from prospects wanting to deploy a risk management platform in the cloud rather than on-premise. As more businesses opt to move their applications to the cloud, it was a simple choice whether to push ahead.
"The benefits of deploying software in this way are such that upgrades and changes can be implemented swiftly, there is far less disruption to business-as-usual and costs are reduced," Campbell added.
"Our particular solution already has extensive functionality across credit, market, liquidity and regulatory risk management and our roadmap is packed with new features over the coming months as we continue to invest in our solutions. More importantly, we already have our first live client on the platform.”
The company has already confirmed its first client and Cubes in the Cloud has now been deployed to a global energy business, which it's been working with since 2010.
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