IT provider RFA has announced they have been awarded regulated status under the CSSF (Commission de Surveillance du Secteur Financier), which is responsible for all regulation in Luxembourg.
The firm writes that, ‘focussing on cloud, cybersecurity, managed data and white glove IT service management, it is a leading global force in IT innovation, service and execution, and that the regulation sets RFA’s team apart from all competition as the only truly global IT services firm specialising in alterative investment firms to have been awarded the prestigious regulated status’.
George Ralph, Global Managing Director and CRO at RFA, says: “RFA have been clear that it was essential for our business to be CSSF regulated in Luxembourg to add genuine value to our clients globally. By being regulated ourselves, we can support our clients overarching data strategies, including managing client data. Data is a fund’s most valuable asset and being able to access, manage, read and report on investor and regulatory data is a cornerstone of fund management in 2024”
Data strategy is an integral part of the RFA business IT architecture, the firm writes. “Achieved by combining the strength of the cloud with the compliance and security of institutional banking, RFA empower clients to carry out their day-to-day activities by having a secure and governed system whereby they can create and manage all data under one platform. Firms centralising data through sophisticated data management tools can harness all their critical information in a secure and efficient manner through a central remote dashboard, allowing intelligent and efficient access to data, easing challenges for both regulatory and investor reporting. The CSSF regulation ensures the RFA team can support clients with technology compliance, AIFM and gap analysis, and DORA guidance and assessments”.
Yohan Kim, CEO of RFA, says: “The business operations of RFA’s clients require the highest level of pro-active service and as such command a high touch IT partner. Understanding specific client and industry challenges, RFA have developed a suite of services that answer the most pressing operational issues including flexible, high quality IT support, fully managed IT, public cloud solutions, communication and collaboration services, next generation cybersecurity solutions as well as managed application, data and development services. We are delighted to be able to support our Luxembourg and global clients in a more effective and proactive way.”
