BMIT + Rizzo Farrugia

Our regulated business is materially dependent on a solid IT infrastructure that seeks to ensure a continuous and seamless operation. These IT needs and the constantly evolving and demanding regulatory requirements necessitated a streamlining exercise that BMIT provided us with. Their technical and support teams have satisfied our expectations in terms of quality, reliability and peace of mind.

Vincent Rizzo

Director, Rizzo Farrugia

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Meet the client

A founding member of the Malta Stock Exchange, Rizzo, Farrugia & Co. Ltd is a leading privately-owned stockbroking and investment management house, offering a wide range of financial services and wealth management solutions to corporations and individuals. The firm’s philosophy is entirely client-centric, with a clear focus on providing long term value to clients, while maintaining the highest standards of excellence, ethics, and professionalism.

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Industry:
Financial Services

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The Challenge

It is common for SMBs to find it hard to justify investment in a fully-fledged IT department, but at the same time they need to ensure that their business runs smoothly. As a highly regulated industry with ever-changing regulatory requirements in finance law, with additional specific IT requirements, compliance and cybersecurity regulations, Rizzo Farrugia has compliance obligations that must be adhered to. This created the need for a security partner who is compliance-driven and hyper aware of appropriate and necessary industry regulations. In addition, the Malta Financial Services Authority (MFSA) recommends several best practices which Rizzo Farrugia wanted to adopt.

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How we helped the client

Productivity

BMIT also supports the firm with productivity requirements deploying a set of tools based on Microsoft 365, enabling increased flexibility and ease of access, including hybrid work arrangements.

Hybrid IT

BMIT deployed a hybrid IT set-up, spanning equipment on-premise, cloud services offered from Malta, and Microsoft Azure cloud services, to ensure data availability, backup, and business continuity.

Disaster Recovery

To mitigate cyber security risk, BMIT implemented and manage a disaster recovery solution, ensuring all business continuity processes are in place and operational, to provide the client with peace of mind in terms of the overall IT infrastructure.

Managed Services

Rizzo Farrugia now enjoys having expert eyes on their network 24/7/365 and being compliant with industry requirements. By partnering with BMIT for all IT services, Rizzo Farrugia have access to technical capabilities and services that the firm did not otherwise have on-staff.

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