Aim Software, a global provider of reference data management solutions to the financial industry, today announced that Wegelin & Co., a Swiss private bank, has successfully implemented Aim Software's interface to improve the import of Telekurs data into the APSYS banking application of SunGard.
Wegelin & Co. has been using AIM Software's GAIN Data Management since 2001 for connecting to Telekurs VDF and for managing the storage, versioning and mapping of data. Due to increased demand and market volumes, it became necessary for Wegelin & Co. to enhance their Straight Through Processing and to improve the level of automation.
"Based on the positive cooperation with AIM Software in the past, we decided to extend the existing installation" states Remo Dickenmann, IT/Organisation project manager. "The new GAIN | APSYS interface allows us to improve the quality of our reference data utilized within the bank's back office and to increase the usage of our data feeds throughout the organization."
The new GAIN | APSYS interface, based on the modular GAIN Data Management framework, imports, processes, and maps all requested data to create new security records directly within the banking application APSYS at any time and within a few minutes. The solution ensures that all imported data is validated prior to the export to APSYS, resulting in time and cost savings for Wegelin & Co. and a reduction of the risk of flawed input.
Christian Trnka, Professional Services Manager at AIM Software, explains: "By using GAIN to streamline the verification and consolidation of the financial data, we are able to provide our customers with a high degree of automation. GAIN has always been aiming at providing a future proof and constantly evolving data management platform, fully aligned with the evolution of APSYS."
By using GAIN's stepwise integration approach, an institution is able to increase the level of automation while reducing project risks and achieving a faster return on investment. As a next step, Wegelin & Co. will further expand on AIM Software's reference data management platform by using the GAIN | APSYS interface to automatically update income and revenue data and to load basic data even more frequently.
"We are delighted to further intensify our collaboration with Wegelin & Co. to the GAIN platform," adds Martin Buchberger, Head of Marketing and Sales at AIM Software. "It is important for us to constantly extend our offering with standardized value added functions that can be used right away by our clients. GAIN is already being used by 13 APSYS banks of our constantly growing client base which helps us to significantly speed up the time to market new interface options while reducing the costs for a single institution."