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

Share article

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.”

Related content

WEBINAR

Recorded Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?

The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...

BLOG

Asset Control Wins with New Managed Services Contracts

Venerable Annuity, the legacy annuity business of Voya Financial (created by an investor group led by affiliates of Apollo Global Management, LLC, Crestview Partners and Reverence Capital Partners) has confirmed the migration of its data management systems to AC PaSS, the cloud-based managed service solution from Asset Control. The ACPaSS solution will provide Venerable with...

EVENT

Data Management Summit USA Virtual

Data Management Summit USA Virtual will explore how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...