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

A-Team Insight Blogs

Princeton Financial Optimizes Data Management of Hauck & Aufhaeuser in Record Time

Subscribe to our newsletter

Hauck & Aufhäuser Investment Gesellschaft S.A. (HAIG), a service provider for the conception and administration of funds, needed to replace their fund accounting system while maintaining operation of all business-critical systems. Due to Princeton Financial® Systems? (PFS) extensive experience in this area, they successfully supported HAIG in this project and simultaneously established a system architecture for the future. PFS„ DVS Fund Warehouse functions as the central data storage area and feeds MIG21, ORS and DVS Publisher Suite for investment compliance checking, order management, and reporting.

One of the most critical components in this project was the seamless continuation of all systems during the entire implementation. Princeton Financial not only kept up the daily reporting, but also the pre-trade and post-trade compliance checking. Additionally, the project was carried out under an aggressive timeline: the first funds went live within six months, which included an intensive test phase.

In the new structure, the DVS Fund Warehouse plays a central role. It receives data from the fund accounting system, prepares and delivers it to MIG21, ORS, and DVS Publisher Suite. The new architecture is highly flexible which means that further source systems can be connected easily to the DVS Fund Warehouse.

Jürgen Maximini, Assistant Managing Director at HAIG, comments, “HAIG has been a PFS customer for several years now. Without the expertise, commitment, and target-oriented approaches of Princeton Financial, we wouldn’t have been able to achieve our objectives to have the project completed quickly and maintain operations of all business-critical systems at the same time. Additionally, PFS gave us a very realistic time and cost estimation which provided us with a highly reliable costing.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data standards and global identifiers update

Data standards and global identifiers are the international language of capital markets – but how widely have they been adopted, how useful are they in practice, and can they stand the test of sustaining stable markets? This webinar will review data standards and global identifiers available in capital markets, discuss their adoption, and consider best...

BLOG

Get Ready – Dual UK and EU Regulatory Reporting is Only a Year Away

Dual UK and EU regulatory reporting has been a topic of conversation in capital markets both before and post-Brexit, but with the withdrawal of the FCA’s Temporary Permission Regime set for 2023, its reality is coming into focus, calling on data and regulatory practitioners to address the challenges of the change and find compliant solutions....

EVENT

Virtual Data Management Summit London (Redirected)

Now in its 8th year, the Data Management Summit (DMS) in London explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Corporate Actions 2009 Edition

Rather than detracting attention away from corporate actions automation projects, the financial crisis appears to have accentuated the importance of the vital nature of this data. Financial institutions are more aware than ever before of the impact that inaccurate corporate actions data has on their bottom lines as a result of the increased focus on...