Banque CIC (Suisse) successfully upgrades its existing Gain Data Management platform from Aim Software for an enhanced processing of SIX Telekurs VDF data in Avaloq via the certified Gain|Avaloq adapter.
Banque CIC (Suisse), a Swiss bank for private and business clients headquartered in Basel, has been relying on AIM Software’s GAIN Data Management platform since 2002 for the processing and reporting of data from SIX Telekurs. In order to increase the efficiency and to reduce manual interaction, Banque CIC (Suisse) decided to extend its existing data management platform to automate the opening of financial instruments and the delivery of basic data from SIX Telekurs, while aiming to further increase the quality of the data.
Whenever a bank adds a new instrument to its portfolio, it must first be opened in the core banking application. The request for the opening may either come from the trading room, a relationship manager or any other department. The automatic opening feature of GAIN delivers all necessary fields available from SIX Telekurs without manual intervention. This ensures time and cost savings for Banque CIC (Suisse) and reduces the risk of flawed inputs.
The modular approach of the GAIN Data Management platform allows customers to keep their reference data management solution extensible at all times. Thus, GAIN permits Banque CIC (Suisse) to take in further functionalities of other modules of GAIN whenever the need arises.
“Given our positive experience with GAIN Data Management in the past and its strong track record in the Avaloq community, we have chosen to extend our existing GAIN platform. Thus, we can make even better use of the data feed information,” says Geert van Eijnatten, project manager, Banque CIC (Suisse). “With GAIN and the certified GAIN | Avaloq adapter we can rely on an out of the box standard reference data management solution that still allows for flexible customization.”
Over the last few years, the development of GAIN has been fully aligned with the evolution of the Avaloq Banking System.
“The long-term cooperation between Avaloq and AIM Software has resulted in a fully tested and certified GAIN |Avaloq adapter, which is an important milestone for us,” says Martin Buchberger, head of Marketing and Sales, AIM Software. “By working closely together with our customers we get valuable input for the further enhancement of the GAIN platform and the certified GAIN | Avaloq adapter, which helps us to keep our product future-proof.”
L.D.