BLACKBEE CASE STUDY

Helping investment management company BLACKBEE stay compliant with fully managed web app HIVE.

CHALLENGES

Blackbee Investments decided that in order to be able to fully support key business processes within the organization it would need to implement a bespoke IT solution, as no off-the-shelf product could meet this requirement.  To deliver this, the company needed a partner who could deliver a true end-to-end solution.

APPROACH

Client Solutions was selected as the technology partner for this project due to the high quality of previous engagements and our ability to provide an end-to-end solution including requirements gathering, analysis and design, application development, providing and managing hosted environments and hardware set up.
After discussing the need in detail with the client, it was decided that a web application that supported all the main back office processes was needed. Client Solutions developed and managed the web application, named HIVE, which supported the main back office processes including:

-Workflow to support client applications to purchase/sell investment products
-Transaction management – cash and assets
-Product management
-Compliance and Risk management functions
-Reporting functionality

OUTCOME

Blackbee Investments can now better comply with regulations, due to improved tracking and recording. From the new HIVE platform, it can now manage operations, trading, finance, compliance and risk features all in one place. The company can now also capture all transactional and associated activity at an enterprise level and allow for operational scale, trading and risk control. Finally, the solution has enabled Blackbee Investments to improve communication and management by connecting the information across a centralised source of data.

“HIVE has been instrumental in the growth of the firm and has been the foundation on which the business is built. All business development is driven through HIVE. For us this is an obvious choice – HIVE is a platform that unites information and people through a centralised source of data that helps in decision making, risk management and trading. It provides operational scale and excels in reporting.”

James McCarthy (Systems and Data Manager)

ABOUT BLACKBEE INVESTMENTS

– Solutions that deliver optimal investment performance

– Privately held company founded in 2014

– Authorised as a MiFID Investment firm and is regulated by the Central Bank of Ireland

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