The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Bank Sarasin Upgrades to Aim’s Gain Platform with Gain|Avaloq Adapter

Swiss headquartered Bank Sarasin has upgraded its implementation of Aim Software’s data management solution to the Gain Data Management platform combined with an adapter for the Avaloq Banking System. The bank, which has been using Aim Software’s Gain DataDesktop since 2002, hopes the new central data management platform and added functionality will provide enhanced automation of instrument data processing.

Julius Zürcher, head of operations at Bank Sarasin, explains why the bank chose to stay with Aim: “Owing to the positive experience with Gain Data Management in the past and the strong and proven track record in the Avaloq community, we have chosen to upgrade the existing solution to Aim Software’s central security master file. Moreover, Gain’s interface is the only one certified by Avaloq, and Gain is a scalable platform that can grow along with our future needs.”

Bank Sarasin has been using the Gain DataDesktop for the past seven years for the ad hoc opening of instruments, the export of SIX Telekurs data to other systems and the production of data change reports. However, the bank decided to upgrade to Aim’s Gain platform in order to cope with increasing market volumes and globalisation, facilitate the delivery of SIX Telekurs data to Sarasin subsidiaries and reduce the effort for data maintenance.

The bank hopes that by using Gain as central data management platform, it will be able to centrally manage the data quality and the delivery of data feed information to its international subsidiaries, thus considerably cutting infrastructure costs.

In the first phase of the project, Aim Software installed the certified Avaloq adapter for Avaloq 2.6, which went live mid-November, says the vendor. Further planned steps include the automation of corporate actions, the improvement of the price delivery, as well as the deployment of the full range security master file at Bank Sarasin.

Related content

WEBINAR

Recorded Webinar: Brexit: Reviewing the regulatory landscape and the data management response

With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The data management response is not easy and could stretch some firms to the limit as they...

BLOG

Bloomberg Offers Market-Implied Probability of Default Product to Enterprise Data and Terminal Clients

Bloomberg has made its Market-Implied Probability of Default (MIPD) product, a market-driven creditworthiness indicator, available to both Enterprise Data and Bloomberg Terminal clients globally. MIPD enables clients to incorporate creditworthiness metrics within existing workflows for a more holistic approach to credit risk management. The product provides clients with a highly responsive, transparent, daily credit risk...

EVENT

Data Management Summit Europe Virtual

The Data Management Summit Europe Virtual brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

The Trading Regulations Handbook

Need to know all the essentials about the regulations impacting trading infrastructure? Welcome to the first edition of our A-Team Trading Regulations Handbook which provides all the essentials about regulations impacting trading operations, data and technology. A-Team’s Trading Regulations Handbook is a great way to see at-a-glance: All the regulations that are impacting trading technology...