Nomura Research Institute (NRI), a provider of consulting services and system solutions, has expanded its current asset management solutions to a cloud through development of T-MONOLIX.

FundWeb, NRI’s mutual fund network, will be the first solution on T-MONOLIX beginning in December 2011.

T-MONOLIX provides a Platform as a Service (PaaS) environment for NRI’s asset management solutions.

According to NRI, it allows clients to build their customized applications through seamless connections with T-STAR, a family of multi-use asset management solutions, and other NRI products.

T-MONOLIX will improve straight-through processing (STP) rates for asset managers and will be a one-stop service for NRI clients, reducing operational risk by promoting best practices, claims NRI.

Solutions on T-MONOLIX will be managed at an NRI data center enabling users to reduce their total cost of ownership.

NRI corporate senior vice president and asset management systems division manager Shin Kusunoki said by developing the T-MONOLIX platform, NRI will enhance users’ experiences, reducing the frequency and quantity of operational tasks while improving STP rates.

NRI has plans to add connectivity with other solutions and messaging functions to T-MONOLIX in 2011.