Data centre operator Equinix has agreed a deal to support Goodbody Stockbrokers’ digital transformation.

Goodbody will use Equinix’s Cloud Exchange Fabric product – and its data centre connectivity – to roll out new technologies for both its customers and employees, including secure remote working.

Goodbody has diversified from a stock brokerage firm to become a financial services firm operating in wealth management, investment banking and asset management. 

To facilitate its continued growth in each area, the company has invested in the development of digital solutions that rely heavily on high network performance, reliability, cloud connectivity and security.

Stuart Halford, Head of Technology Services at Goodbody, said the company is on the way to becoming one of the oldest, yet most technologically advanced, financial services institutions in Ireland. 

He said that customer and employee experience are key differentiators that will see us stay ahead of competition.

“Part of that means creating market-leading solutions that are scalable into other business segments as we adapt and grow. We want to give customers a wonderful experience by making our services as seamless as possible, while also facilitating employee collaboration from any location at any time,” Mr Halford said.

“A combination of Equinix’s data centre connectivity and the multi-cloud interconnection enabled by ECX Fabric gives us the peace of mind to be innovative, while still complying with regulations,” he added.

Maurice Mortell, Managing Director Ireland at Equinix, said that as the country’s financial services ecosystem continues to grow, digital transformation remains the catalyst for firms adopting a cloud-first strategy to accelerate their reach and fuel their growth. 

“Goodbody has totally embraced the connected future by leveraging interconnection to the cloud to transform the employee and customer experience. We expect to see more financial services businesses do the same as the industry continues to transform and companies vie to be seen as disruptors,” Mr Mortell added.

Last month the owners of Goodbody agreed a deal to sell the company to Bank of China. 

It is understood the Chinese buyer will pay around €150m for the firm, provided competition and regulatory approval is received.

Bank of China (UK) Ltd is a wholly owned subsidiary of Bank of China Limited, the fourth largest bank in the world by assets.


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