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

A-Team Insight Blogs

BPO Provider B-Source Partners with Aim Software for Data Platform

Following the certification of the Avaloq|Gain adapter earlier this month, Aim Software has entered into a partnership with business process outsourcing (BPO) and IT operations outsourcing (ITO) service provider B?Source. Under the agreement, clients of B?Source will be provided with a central reference data management platform based on Aim Software’s Gain Golden Copy.

B?Source, which provides BPO services to banks and wealth management institutions, is currently implementing the Avaloq banking system and decided to integrate a centralised reference data management repository as a result of the new system’s requirements.

Carmine Cammarota, business architect at B?Source, explains the rationale behind the partnership between B?Source and Aim Software: “We required a future proof data management solution with a proven track record in the Avaloq community. Aim Software’s certified Avaloq adapter as well as the extensive Golden Copy functionalities were decisive for us to select them as our supplier in this area.”

Serving as the technological basis for the provision of reference data related services, Gain Golden Copy will be part of B?Source’s standard offering for financial institutions. The new services will be used to feed up to 15 client instances with reference data from sources including Telekurs, Bloomberg and Reuters. Relying on the certified Avaloq|Gain adapter, Aim Software’s Golden Copy solution will cover the requirements arising from B?Sources’ current and future customer base.

The first clients at B?Source are currently being migrated onto the Gain reference data platform with an internal production start by end?September. In further project phases, more and more processes will be migrated to the multi-entity solution installed at the B?Source headquarters in Lugano.

Josef Sommeregger, head of business development at Aim Software, explains: “Our strong local customer base in Ticino will serve as a basis for a close cooperation with B?Source allowing both partners to focus on their core competencies.”

As a result of the partnership and drawing upon Gain’s data feed connectivity, B?Source says it will be able to provide added value services in accordance with its clients’ needs. According to B-Source, via the reduction of time consuming and error prone manual data collection, clients will be able to cut down on costs and increase overall operational efficiency.

Martin Buchberger, head of marketing and sales at Aim Software, says: “Aim Software already services many of the Avaloq banks, which also contributed to the roadmap of the interface. Thereby the Avaloq|Gain adapter guarantees an intensively tested and constantly maintained solution for data management aligned with the further evolution of Avaloq. The clearly defined responsibilities of each party will reduce implementation costs and risks for joint clients of B?Source and Aim Software.”

Related content

WEBINAR

Upcoming Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant

Date: 11 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The...

BLOG

Join Next Week’s RegTech Summit Virtual to Discuss Regulation Post-Covid, the Brexit Regime and Ongoing Challenges of KYC and AML

The coronavirus pandemic has changed the way we work and it is becoming increasingly clear that the business environment will be irrevocably changed by the 2020 experience. Remote engagement has become more important than ever, and agility and versatility have become valuable characteristics in this new normal. At the same time, regulatory oversight is becoming...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Practical Applications of the Global LEI – Client On-Boarding and Beyond

The time for talking is over. The time for action is now. A bit melodramatic, perhaps, but given last month’s official launch of the global legal entity identifier (LEI) standard, practitioners are rolling up their sleeves and getting on with figuring out how to incorporate the new identifier into their customer and entity data infrastructures....