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


Recorded Webinar: Best practices for creating an effective data quality control framework

Data quality is critical to capital markets processes from identifying counterparties to building customer relationships, regulatory reporting, and ultimately improving the bottom line. It can also be extremely difficult to achieve. One solution is a data quality control framework that includes an automated and systematic process that monitors the state of data quality and ensures...


How to Get Ahead on the Data Governance Journey

Data governance that delivers benefits to the business needs to pull together people, process and technology by embracing data ownership, managing metadata, ensuring data quality, and continually improving automation. These are just some of the guidelines for successful data governance set out by a panel of experts at A-Team Group’s recent Data Management Summit in...


FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.


Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...