Switzerland-based private bank Banca Euromobilare (Suisse) has gone live on Aim Software’s Gain Data Management in order to manage the capture, processing and distribution of pricing and static data from the SIX Telekurs Valor Data Feed (VDF). This data is fed into the bank’s implementation of SunGard’s Apsys III via the Gain standard interface, which is based on the Gain framework and enables the automated import, processing and mapping of financial data into the banking application, says the vendor.
Elena Carosi, vice president of operations at Banca Euromobiliare, explains that the bank, which is part of the Italian Credito Emiliano (Credem) banking group, opted for the Gain solution in order to increase its back office STP for pricing and static data. “Aim Software has a range of interfaces to complex data feeds, which reduces the overall development costs as well as the implementation effort. The solution of Aim Software helps us to improve the quality of our reference data utilised within our back office and to increase the level of processing automation throughout the whole organisation,” she elaborates. Accordingly, Gain is used by the bank for the daily updates of security prices, FX rates or income and revenue data, as well as the automatic creation of new securities. The vendor claims that its modular architecture will allow the bank to easily increase the number of its data vendor feeds in the future. Aim also reckons that the fast deployment of its solution and the use of interfaces to other solutions are part of its appeal to the market. Martin Buchberger, head of marketing and sales at the vendor, indicates that 13 institutions are currently using the Gain solution alongside SunGard’s Apsys.