Banque CIC (Suisse) extends the usage of GAIN Data Management for feeding the Avaloq Banking System

June 16, 2009 - PRLog -- Banque CIC (Suisse), a leading Swiss bank for private and business clients headquartered in Basel, has been relying on AIM Software’s GAIN Data Management platform since 2002 for the processing and reporting of data from SIX Telekurs. In order to increase the efficiency and to reduce manual interaction, Banque CIC (Suisse) (www.cic.ch) decided to extend its existing data management platform to automate the opening of financial instruments and the delivery of basic data from SIX Telekurs, while aiming to further increase the quality of the data.

“Given our positive experience with GAIN Data Management in the past and its strong track record in the Avaloq community, we have chosen to extend our existing GAIN platform. Thus, we can make even better use of the data feed information,” explains Geert van Eijnatten, project manager at Banque CIC (Suisse). “With GAIN and the certified GAIN | Avaloq adapter we can rely on an out of the box standard reference data management solution that still allows for flexible customization.”

Whenever a bank adds a new instrument to its portfolio, it must first be opened in the core banking application. The request for the opening may either come from the trading room, a relationship manager or any other de-partment. The automatic opening feature of GAIN delivers all necessary fields available from SIX Telekurs without manual intervention. This ensures time and cost savings for Banque CIC (Suisse) and reduces the risk of flawed inputs.

In the course of the project, which went live mid 2008, AIM Software (www.aimsoftware.com) installed the certified GAIN | Avaloq adapter and customized the solution to Banque CIC (Suisse)’s needs. By relying on the standard adapter, Banque CIC (Suisse) is now able to retrieve and process SIX Telekurs data automatically that previously had to be entered manually. Moreover, the customer can now bank on extended data coverage and quality checked data owing to custom tailored business logic in GAIN.

The modular approach of the GAIN Data Management platform allows customers to keep their reference data management solution extensible at all times. Thus, GAIN permits Banque CIC (Suisse) to take in further functionalities of other modules of GAIN whenever the need arises.

Over the last few years, the development of GAIN has been fully aligned with the evolution of the Avaloq Banking System. Martin Buchberger, Head of Marketing and Sales at AIM Software, explains: “The long-term cooperation between Avaloq and AIM Software has resulted in a fully tested and certified GAIN |Avaloq adapter, which is an important milestone for us. By working closely together with our customers we get valuable input for the further enhancement of the GAIN platform and the certified GAIN | Avaloq adapter, which helps us to keep our product future-proof.”



About AIM Software
Established in 1999, AIM Software is one of the leading providers of data management solutions for financial markets, with offices in Switzerland, Austria, Luxembourg, the USA, Hong Kong and Japan. Based on the worldwide service and support partner net-work, AIM Software provides internationally established software solutions and services with more than 105 references in 16 countries. Supported by the large client base, AIM can offer low risk and low cost all-in-one software packages, based on its industry proven data management software platform GAIN.
For further information, please visit http://www.aimsoftware.com.

Contact:
Cornelia Brunner
PR & Communications
Tel: +41 (44) 586 46 52
e-mail: pr@aimsoftware.com


About Banque CIC (Suisse)
Banque CIC (Suisse) has been working to meet the needs of discerning clients in Switzerland since 1909. It sees itself as a full-service bank with private banking characteristics, offering specialized solutions to private clients and small and medium-sized businesses. With around 300 employees, Banque CIC (Suisse) is one of the most flexible institutions of its kind. The CEO knows all of the bank’s staff personally. Banque CIC (Suisse) has its own specialists and offers a full range of services to both private and business clients, in its asset management and lending operations. This provides an ideal combination of the personal touch found in private banking with the breadth of its commercial business.

Banque CIC (Suisse) has its head office in Basel and can be found in all Swiss language regions. Its branch network covers Zurich, Geneva, Lausanne, Lugano and Locarno, and has recently been expanded to include Neuchâtel (2007) and Fribourg (2008). In 2008, the Bank's balance sheet assets totalled CHF 2.85 billion. The independent Banque CIC (Suisse) is part of the cooperative finance group Crédit Mutuel-CIC. In 2008, France's second largest retail bank, which has a current rating of AA- (Fitch) and A+ (S&P), had balance sheet assets totaling EUR 581 billion and employed 60,000 staff.

Contact:
Sebastian Comment
Head of Communication, Banque CIC (Suisse)
Tel.: +41 61 264 14 69
e-mail: sebastian.comment@cic.ch

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About AIM Software
Established in 1999, AIM Software is one of the leading providers of data management and risk management solutions for financial markets, with offices in Switzerland, Austria, Luxembourg, the USA, Hong Kong and Japan.