About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Aim Software and SFB Services4banks Partner for Reference Data Service in Switzerland

Subscribe to our newsletter

Aim Software has entered into a strategic partnership with Swiss?based application service provider (ASP) and outsourcing vendor SFB services4banks to provide the latter’s clients with a central reference data management platform based on Aim Software’s Gain Data Management solution. The two vendors are therefore working together to provide Swiss clients using SunGard’s Ambit Apsys with an extended reference data service.

Under the exclusive service partnership, Gain Data Management will become part of SFB’s standard offering for financial institutions. The new service will be used to feed client instances with reference data from multiple sources, which can be integrated into Apsys through a range of customisable data feed interfaces. A central focus of the service lies on the automatic processing of Telekurs data via a wide range of interfaces, which are tailored to the Ambit Apsys logic, says the vendor. Aim Software’s Gain Data Management then handles the complete processing and mapping logic between Telekurs and Ambit Apsys.

Peter Kaszuba, CEO at SFB services4banks, explains why the vendor chose Aim: “For us, Aim Software stood out among all options for the comprehensive functionalities of its data management solution, as well as its proven track record in the Ambit Apsys community, with 13 live customers. By relying on Gain, we will be able to meet the requirements arising from our current and future customer base.”

Josef Sommeregger, head of business development at Aim Software, adds: ”The strategic partnership between SFB services4banks and Aim Software with clearly defined responsibilities will help our joint clients to benefit from both partners’ experience and enable them to fully concentrate on their core business processes while additionally saving costs.”

The advantage of the partnership for SFB clients will be the timely supply of data without the requirement to install hardware, says the vendor. Customers can therefore access reference data from different providers and open new instruments directly in Ambit Apsys via Gain. According to the vendor, this will reduce costs due to the elimination of manual data collection and increase operational efficiency.

Furthermore it claims that the external hosting of Gain will allow customers to share the expenses for enhancements and adjustments, thus resulting in reduced costs for firms at the smaller end of the spectrum.

“We are looking forward to further extending our offering for Ambit Apsys clients by a new ASP service that gives financial institutions an even wider choice,” adds Sommeregger.

The ASP model certainly seems to be popular with the vendor community this year. Given the increased costs that firms are facing, it seems that the decision to outsource processing is becoming ever more common as they seek to reduce overheads in any way that they can.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Streamlining trading and investment processes with data standards and identifiers

Financial institutions are integrating not only greater volumes of data for use across their organisation but also more varieties of data. As well, that data is being applied to more use cases than ever before, especially regulatory compliance and ESG integration. Due to this increased complexity of institutions’ data needs, however, information often arrives into...

BLOG

LemonEdge Seeks to Fill Tech Gap in Private Fund Accounting

As private markets and assets grow in importance to institutional investors, so are the challenges they face; not least of all their data processes. A report by Dynamo Software in February found that the biggest challenges faced by accounting professionals in private equity, venture and hedge funds were tech and data-related; manual data entry and...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...