Finter Bank Zurich Selected GAIN Data Management From AIM Software

Swiss private bank Finter Bank Zurich has chosen AIM Softwares GAIN Data Management platform provided as an ASP service by SFB services4banks. The solution delivers data from SIX Telekurs and Reuters into Finters banking platform Ambit Apsys from SunGard. Finter

By None

Swiss private bank Finter Bank Zurich has chosen AIM Softwares GAIN Data Management platform provided as an ASP service by SFB services4banks. The solution delivers data from SIX Telekurs and Reuters into Finters banking platform Ambit Apsys from SunGard.

Finter Bank Zurich is an independent Swiss private bank dedicated to maintaining strong partnerships with its customers. Owing to a change of their core banking application, Finter Bank Zurich required a proven data management solution for the delivery of data from SIX Telekurs and Reuters as well as the automatic creation of securities in the newly introduced banking system Ambit Apsys. AIM Softwares and SFBs joint offering to provide the customer with GAIN as an ASP service that automatically delivers the requested data, met the banks requirements and allows Finter Bank Zurich to concentrate on its core business.

We required a data service that allows us to receive high quality data from SIX Telekurs and Reuters DataScope, says Beat Brechbhler, senior project manager at Finter Bank Zurich. The solution provided by AIM Software and SFB enables us to access a state of the art platform without having to install software on site and to take care of the maintenance. As a result, we are able to concentrate on our core competencies and can handle data requests faster and more efficiently.

After the specification phase of the project in July, the implementation and test phase was finished at the end of September. The installation went live on October 1. After a short project duration of only 3 months, Finter Bank Zurich can now profit from the daily delivery of data from SIX Telekurs and Reuters DataScope Select. The delivery of data is handled automatically via FTP and does not require manual intervention by Finter Bank.

Moreover, GAIN features an automatic security creation interface which enables Finter Bank to generate new securities in Ambit Apsys at any time of the day. The automatic security creation also allows the bank to execute an initial load for Ambit Apsys. This has helped the customer to increase the level of STP and to reduce costs and manual effort. In the future, the installation will be extended by reports and additional data fields.

D.C.

«