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

A-Team Insight Blogs

KAS Bank Implements AIM Software’s Data Management Application

AIM Software has secured a contract to modernise data management at Netherlands-based KAS Bank, a specialist in securities services, risk control and reporting services that administrates over €400 billion in assets on behalf of clients in the pensions and securities industry.

The bank was looking for a solution that would allow it to migrate from a legacy data management system with minimum disruption and selected AIM after considering in-house development, specialist tool suppliers and another enterprise data management solution.

The bank will initially implement the data management business application that is part of AIM’s GAIN business application suite and will use the application with a securities data feed from SIX Financial Information to support its custody business. The solution is expected to be in place in a couple of months and could be the beginning of a more extensive roll-out of the GAIN platform and its business applications.

Mark Schilstra, managing director of asset servicing at KAS Bank, says: “We have chosen GAIN because it is the most cost effective and lowest risk option to migrate from the legacy system. The implementation team is very impressed by how comprehensive the configuration tools are and how intuitive they will be to use. We like the fact that AIM’s business applications are designed to meet the particular challenges of our asset servicing operations and will help us reduce our operational workload.”

Michael Walford-Grant, UK country manager at AIM, notes that the GAIN solution will provide the bank with a securities master, high quality data and efficient straight through processing, as well as the benefits of faster time to market, reduced risk and lower ongoing cost of ownership. KAS Bank is AIM’s fourth customer in the Netherlands, and the first to contract with the company in the Netherlands since private equity firm Welsh, Carson, Anderson & Stowe took a majority stake in the business in January.

Related content

WEBINAR

Recorded Webinar: The Next Frontier of Customer Due Diligence for KYC & AML

A-Team Group recently held a webinar on the popular topic of The Next Frontier of Customer Due Diligence for KYC & AML, discussing the current thinking around client due diligence.

BLOG

NeoXam Connects to Refinitiv Data Platform to Expand Provision of Reference, Pricing and ESG Data

NeoXam has extended its partnership with Refinitiv, a London Stock Exchange Group company,  to offer clients a wider range of data sourced for the first time from the Refinitiv Data Platform (RDP) that was released early last year. The data will include reference, pricing, and ESG data as well as data exclusive to the RDP...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

The Data Management Challenges of Client Onboarding and KYC

This special report accompanies a webinar we held on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. You can register here to get immediate...