To manage their market data inventory worldwide DekaBank headquartered in Frankfurt am Main has decided to use BST's FinOffice5 ASP Solution.
Instead of accessing an on-site FinOffice database via client/server access, DekaBank's market data administration staff will manage data usage, user profiles and reporting via Citrix thin clients. The thin clients are directly connected to the BST data centre in Zurich. BST is running the data centre on two physical locations in Zurich and Jona in Switzerland. Administrators have access from both locations remotely maintaining all hosted databases.
The project began in December 2005 and will be completed at the end of March 2006. BST will support DekaBank through the migration and consolidation of the new FinOffice5 ASP platform. The platform consists of the FinMarketData and FinContract modules. The system will manage global market data inventory, vendors, users, costs and contracts fully hosted by BST.
BST's competence is based on customizing standardized interfaces. Among other interfaces DekaBank will use BST's Reuters DACS 2-way interface, Bloomberg SID interface, (M) TRS 2-way interface, Fact-set interface and others. The FinOffice5 ASP Solution will seamlessly integrate into the DEKA Bank platform. The purchase includes FinContract, one of BST's most recent software modules created for the FinOffice product suite. FinContract is a highly sophisticated contract system that provides customers with the ability to track suppliers' contracts.
BST can also provide, separately or as an integrated solution, FinTelecom, an inventory system created for telecom expense management purposes.