Bank Sarasin & Co.: Reference Data Management From AIM Software
Integrated data management solution selected by Swiss bank
Vienna (pts009/16.02.2005/09:05) The data management platform of AIM Software ( http://www.aim-sw.com ), the GAIN DataDesktop, is the key for Swiss Bank Sarasin & Co. Ltd to enable the automation of opening instruments directly in their Avaloq banking application.
Bank Sarasin & Co. Ltd ( http://www.sarasin.ch ) has now been using successfully the data management solution GAIN DataDesktop from AIM Software for one year for the processing of Telekurs Financial's Valor Datafeed (VDF), which also includes a fully-fledged reporting system for all VDF data.
Alexander Buytenhuijs, Financial Instruments & Quantitative Methods, Bank Sarasin & Co. Ltd, says, "We greatly appreciate the easy handling of the GAIN DataDesktop, giving us the possibility to build up queries and to extract data coming from any type of data feed. GAIN allows us to quickly elaborate all new requests on our own, offering a wide range of functionalities".
Automatic opening of instruments a key demand
The automatic opening feature of GAIN delivers all necessary fields from a data feed without manual interference. This ensures significant time and cost savings for the bank and eliminates the risk of flawed inputs.
GAIN DataDesktop ( http://www.aim-sw.com ) enables checks on all imported data prior to export to the banking application, and can produce control reports, which improves data quality. In case of exceptions, an intuitive interface provides a view on the data flagged as faulty and risky or where the bank has specified the data must be checked manually.
"The automatic integration from VDF data into Avaloq through the GAIN DataDesktop provides an added value to Bank Sarasin & Co. Ltd, since the trading room can start trading the instruments earlier," says Buytenhuijs.
Trends and tendencies in automation
In most institutions, the level of automation in data processing is still very low. This finding is underlined by the recent AIM Global Data and Risk Management Survey ( http://www.dmstudy.info ), which was conducted amongst over 1,700 banks from 63 countries. In fact, 29% of all approached banks worldwide state that they currently plan to increase the level of automation for static (reference) data. Due to the growing need for the reduction of cost and of operational risks, more and more clients of AIM Software are scaling up their data integration and automation efforts.
About AIM Software
Founded in 1998, AIM Software ( http://www.aim-sw.com ) specializes in data and risk management solutions for financial institutions. With offices in Austria, New York, Switzerland and Hong Kong, AIM Software operates globally, servicing 70+ clients in the major financial centres, making it a global leader in reference data management. AIM Software supports a step-by-step integration of reference data management and risk management in order to achieve higher efficiency and lower project risk.
About Bank Sarasin & Co. Ltd
Founded in 1841, Bank Sarasin ( http://www.sarasin.ch ) today is one of Switzerland's leading private banking institutions. Its core activities include investment advisory and asset management service for private and institutional clients, as well as an investment funds business. The Sarasin Group - headquartered in Basel, Switzerland - is represented in Switzerland, France, Germany, Guernsey, Hong Kong, Luxembourg, the United Kingdom, and Singapore. Bank Sarasin is a limited company. Its shares are listed at the Swiss Stock Exchange, SWX.
Contact:
AIM Software
Gerlinde Pachinger
PR & Communications
T: +43-1-5124652-228
pr@aim-sw.com
http://www.aim-sw.com
| Aussender: | pts - single press release |
| Ansprechpartner: | Gerlinde Pachinger |
| Tel.: | +43-1-5124652-228 |
| E-Mail: | pr@aim-sw.com |
