Danish private bank Sydbank (Schweiz) AG has selected AIM Software's data management system Gain DataDesktop for the integration of price, static and corporate actions data provided by Telekurs in Switzerland.
The data management platform will be used to integrate Telekurs VDF (Valor Data Feed) data automatically into the core banking system of Sydbank. Additionally, Sydbank will use AIM software for the processing of EU taxation data, in an effort to achieve compliance with the EU Savings Tax Directive which comes into force next month.
Thomas Konig, CFO at Sydbank (Schweiz) AG, comments: "We will be able to completely automate the integration of VDF data into our Apsys banking application which will support us in improving our data quality and in reducing manual processes to a minimum level."