Dubai- and Geneva-based private cloud provider Penta was selected as the WealthBriefing Editor’s Choice and won the WealthBriefing GCC Award 2016 in the Technology Outsourcing Solution category.
Showcasing ‘best of breed’ providers in the global private banking, wealth management and trusted advisor communities, the awards were designed to recognize companies, teams and individuals which the prestigious panel of judges deemed to have ‘demonstrated innovation and excellence during 2016’.
“We are delighted to have won this prestigious award,” said Penta CEO Farhad Khalilnia. “It is a great honour and a testament to the hard work and our determination to provide compliant, audited and secure cloud-based IT for the financial sector and other sensitive industries.”
Tom Burroughes, group editor at ClearView Financial Media writes: “With good geographic reach, a pipeline of innovative ideas and a clean bill of compliance health, Penta impressed in a crowded field for this type of businesses. Its provision of ‘out-of-the-box’ regulatory compliance solutions was seen as a real standout.”
ClearView Financial Media’s Chief Executive, and Publisher of WealthBriefing Stephen Harris said: “The firms who triumphed in these awards are all worthy winners, and I would like to extend my heartiest congratulations. These awards were judged solely on the basis of entrants’ submissions and their response to a number of specific questions, which had to be answered focusing on the client experience, not quantitative performance metrics. That is a unique, and I believe, compelling feature.”
“These awards recognise the very best operators in the private client industry, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process – such that the awards truly reflect excellence in wealth management,” adds Harris.
Penta has specialised in providing high quality cloud-based IT services for over two decades to the financial services sector and industries with similar requirements. Unlike other IT companies, Penta provides out-of-the-box IT regulatory compliance in the form of a yearly ISAE3402 audit performed by EY covering all areas of the business. Operations are also audited to meet stringent Swiss Financial Market Supervisory Authority requirements.
The awards ceremony took place on 1 November at Taj Dubai bringing together over 300 senior banking and wealth management professionals.
