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

KAS BANK Selects AIM Software to Support Digital Transformation

Subscribe to our newsletter

KAS BANK has licensed three modules of AIM Software’s GAIN business application suite as part of a digital transformation designed to the make the bank more agile and competitive. The GAIN solutions will be used to underpin data management and support the bank’s strategic focus on becoming more data driven and improving operations by streamlining internal processes to reduce costs and increase data quality.

KAS BANK, headquartered in the Netherlands and a European provider of custodian and fund administration services, has selected the GAIN security master, portfolio pricing and corporate actions modules, which will be delivered as a hosted managed service via GAIN in the Cloud, AIM Software’s software-as-a-service (SaaS) solution.

Michiel Noteborn, head of IT demand at KAS BANK, says: “We selected GAIN because of its best-in-class data management capabilities, productised adaptors to data feeds, and seamless integration with SimCorp Dimension. The platform will allow us to onboard new sources of data more quickly and increase STP automation levels. With management and processing of market data, management of corporate actions, and look through services all taking place in one central location, KAS BANK is equipped with an efficient and reliable solution for scaling its administration services business. The selection of GAIN is also considered a key building block to further scaling KAS BANK’s insourcing proposition for administrative services.”

The bank will use GAIN to automate much of its security opening and maintenance processes, reducing operational risk. The platform will also introduce rules and workflow-driven processes for corporate actions processing, enabling the bank to achieve higher STP rates. GAIN will sit upstream of investment management solutions from SimCorp’s Dimension portfolio – AIM Software has a partnership with SimCorp supporting a fully-maintained integration between GAIN and Dimension – and deliver validated data via the integration interface.

Josef Sommeregger, managing director and head of Europe at AIM Software, describes market requirements saying: “Financial institutions are focusing more than ever on business efficiency, cost reduction, and most importantly, on how they can differentiate themselves in a competitive market, perhaps by offering additional and better services, and by streamlining front to back processes to ensure agility throughout the whole value chain.

“In order to achieve this agility even faster, KAS BANK will leverage the GAIN solution in the Cloud which will allow a faster rollout and even higher flexibility in adjusting to changing client needs. By using GAIN in the Cloud, AIM will not only provide KAS BANK with all necessary and elastic infrastructure, but also complete IT operations around GAIN – allowing clients to focus on their core business. We are seeing significant traction across all regions for this cloud-based offering, both from new and existing clients.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practice approaches for corporate actions automation

Demand for timely and accurate corporate actions data is growing as volumes and complexity rise, and financial institutions acknowledge the increasingly costly gap between accurate corporate actions processing in real, or near-real, time and faulty processing caused by poor data and resulting in missed opportunities to optimise revenue. While many firms currently process parts of...

BLOG

GoldenSource Plans Product Innovation Following Acquisition by Gemspring Capital

GoldenSource is planning to innovate its enterprise data management (EDM) and master data management (MDM) solutions, and accelerate global growth following its acquisition by Gemspring Capital. Product innovation will include building and buying adjacent solutions to the EDM platform. GoldenSource CEO John Eley, describes the acquisition as a strategic investment in the company’s growth. He...

EVENT

FRTB Briefing Virtual (Redirected)

The FRTB Briefing Virtual will examine key focus areas and priorities for banks in 2020 and offer guidance, advice and expertise for tackling the challenges and pain points around implementing the FRTB regulation.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...