Gain would help the bank to centrally manage data quality and delivery of data feed information
AIM Software, a provider of reference data management services, and Bank Sarasin, a Swiss private bank, have announced the upgrade of Sarasin’s existing Gain data management platform for an enhanced automation of instrument data processing for Avaloq via the certified Gain/Avaloq adapter.
In the first phase of the project, AIM Software installed the Avaloq adapter for Avaloq 2.6 which went live mid-November 2009. Further planned steps include the automation of corporate actions, the improvement of the price delivery as well as the deployment of the full range security master file at Bank Sarasin.
By using Gain as central data management platform, Bank Sarasin will be able to centrally manage the data quality and the delivery of data feed information to its international subsidiaries thus cutting infrastructure costs.
Julius Zurcher, head of operations at Bank Sarasin, said: Owing to the positive experience with Gain data management in the past and the strong and proven track record in the Avaloq community, we have chosen to upgrade the existing solution to AIM Software’s central security master file. Moreover, Gain’s interface is the only one certified by Avaloq, and Gain is a scalable platform that can grow along with our future needs.