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

A-Team Insight Blogs

BBVA (Suiza) Optimises the Processing of SIX Telekurs Data with Gain Data Management

Share article

Aim Software, a global provider of reference data management solutions to the financial industry, today announced that the private bank BBVA (Suiza) has gone live with the Gain security creation interface for Ambit Apsys from SunGard. The adapter allows the customer to open instruments directly in the banking platform and thus to further optimise the processing of financial data from SIX Telekurs.

BBVA (Suiza), part of the BBVA Group, is a leading private bank in Switzerland that has been relying on Gain Data Management by Aim Software for the processing of pricing data since 2005. Due to larger market volumes, BBVA (Suiza) decided to take in the standard Gain|Ambit Apsys security creation interface in order to improve the opening of new instruments in the banking application and reduce the effort for manual processing.

“Our positive experience with Gain Data Management in the past and its strong track record in the Ambit Apsys community, made us extend our existing solution by the Gain|Ambit Apsys interface,” explains Francisco Javier Arranz, chief operative officer at BBVA (Suiza). “With this adapter we are able to automate the opening of instruments directly in Ambit Apsys and take another step towards full straight through processing. The scalable Gain platform allows us to seamlessly integrate additional functionalities whenever the demand arises.”

After the specification and test phase that were carried out in close collaboration with Aim Software, BBVA (Suiza) went live with the Gain|Ambit Apsys security creation interface in November 2009. The adapter enables the customer to generate new securities directly in Ambit Apsys at any time of the day. This helps the bank to speed up the processing of static data and to cut down costs and manual effort. In the future, the installation will be extended by the Gain mutation and update interface.

With Gain Data Management, BBVA (Suiza) can now profit from an enhanced processing of pricing data including exchange rates as well as static data from SIX Telekurs. Moreover, the inherent business logic in Gain that had been defined together with the client, ensures that the quality of the requested data remains very high and stable at all times.

”Growing demands in data processing require a flexible tool that comprises standard functionalities”, explains Josef Sommeregger, vice president business development and sales at Aim Software. “The reduced implementation effort became possible because of the deployment of Gain together with the standard Gain|Apsys interface, developed in collaboration between Aim Software and SunGard.”

“We are pleased to further extend our collaboration with BBVA (Suiza),” concludes Martin Buchberger, head of marketing and sales at Aim Software. “With Gain, we are aiming at providing a future proof data management platform fully aligned with the evolution of Ambit Apsys. Gain is already being utilised by sixteen Ambit Apsys banks in our growing community, which enables us to make developments for one client available to the entire customer pool. Thus, all customers can profit from reduced costs and the shortest possible implementation time.”

Related content

WEBINAR

Recorded Webinar: How to run effective client onboarding and KYC processes

Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there? With a myriad of different options out there...

BLOG

Nasdaq Ventures Invests in AML Specialist Caspian

Nasdaq Ventures, the investment arm of Nasdaq, has taken a minority stake in Caspian – a UK-based specialist in automated AML investigation technology and the winner of the RegTech Insight Award for ‘Best Regulatory Alert Management System’ 2020. With this additional funding, Caspian expects to accelerate its product expansion and scale of its automated platform, AML Investigator. Nasdaq’s market...

EVENT

Data Management Summit USA Virtual

The highly successful Data Management Summit USA Virtual was held in September 2020 and explored how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.

GUIDE

RegTech Suppliers Guide 2020/2021

Welcome to the second edition of A-Team Group’s RegTech Suppliers Guide, an essential aid for financial institutions sourcing innovative solutions to improve their regulatory response, and a showcase for encumbent and new RegTech vendors with offerings designed to match market demand. Available free of charge and based on an industry-wide survey, the guide provides a...