Ageas Insurance selects Verizon cloud for wealth management


The Hong Kong-based arm of Europe’s insurance firm, Ageas, selected Verizon‘s cloud as the foundation for its wealth management trading platform, i-Invest.

Verizon will host and manage the IT infrastructure to support the platform within its secure, enterprise-grade cloud environment, based in Verizon’s Hong Kong data center.

i-Invest was developed by Ageas to enable the company to offer its customers, agents and partners diversified investment instruments, such as mutual funds and bonds.

“Innovation, innovation and more innovation – our industry demands it and IT must be able to push boundaries to generate real business results and not just operational efficiencies,” said Henk ten Bos, Chief Information Officer for Ageas in Hong Kong.

Verizon said its cloud experts in Hong Kong worked with the application providers to design, test and deliver the IT hosting infrastructure.

“As one of the first financial services companies to use cloud technology to generate new business opportunities, Ageas has really taken a leadership role in showcasing how the worlds of IT and business are increasingly merging,” Verizon Asia-Pacific’s Group Vice President Francis Yip said.

In March, Verizon announced a suite of expanded and enhanced cloud services in Hong Kong and Melbourne to meet the demand for secure, enterprise-grade cloud capabilities.

Few days ago, Telecom major Verizon Communications said it is expanding its Secure Cloud Interconnect service into Latin America and additional sites in Europe and the U.S. The new locations include Sao Paulo, Frankfurt and Russelsheim in Germany and New York and Los Angeles in the U.S.

The Secure Cloud Interconnect service is a software-defined networking offering. It helps enterprises to connect, manage and secure their cloud environments that extend across multiple clouds and data centers around the globe.

Arya MM

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