BâSource provides BPO services to banks and wealth management institutions. In the near future, these services are to be offered on the basis of the Avaloq banking system, a project which is currently being implemented at BâSource. The different requirements resulting from diverging data needs of Avaloq clients made it necessary for BâSource to integrate a centralized reference data management repository for all BâSource clients. Carmine Cammarota, Business Architect at BâSource, explains the rationale behind the partnership between BâSource and AIM Software: âWe required a futureâproof data management solution with a proven track record in the Avaloq community. AIM Software's certified Avaloq adapter as well as the extensive GoldenCopy functionalities were decisive for us to select them as our supplier in this area.â
Serving as the technological basis for the provision of reference data related services, GAIN GoldenCopy will be part of BâSourcesâ standard offering for financial institutions. The new services will be used to feed up to 15 client instances with high quality reference data from sources such as Telekurs, Bloomberg and Reuters. Relying on the certified Avaloq|GAIN adapter, AIM Softwareâs flexible GoldenCopy solution will cover the requirements arising from BâSourcesâ current and future customer base.
Currently the first clients at BâSource are being migrated to the GAIN reference data platform with an internal production start by endâSeptember. In further project phases more and more processes will be migrated to the multientity GoldenCopy installed at the BâSource headquarters in Lugano. Josef Sommeregger, Head of Business Development at AIM Software explains: âWe are proud that our GAIN GoldenCopy will be used for the delivery of reference data services at one of the major BPO providers in Switzerland. Our strong local customer base in Ticino will serve as a basis for a close cooperation with BâSource allowing both partners to focus on their core competencies.â As a result of the partnership, bank and wealth management institutions will be able to benefit directly from AIM Softwareâs established GAIN Data Management platform with more than 110 references. Drawing upon GAINâs connectivity with more than 15 data feeds, BâSource will be able to provide addedâvalue services in accordance with its clientsâ needs. Customers can profit from an approved reference data management solution delivering them highquality data to their Avaloq screen. By reducing timeâconsuming and errorâprone manual data collection, clients will be able to cut down on costs and increase overall operational efficiency.
Martin Buchberger, Head of Marketing and Sales at AIM Software states: âAIM Software already services many of the leading Avaloq banks, which also contributed to the roadmap of the interface. Thereby the Avaloq|GAIN adapter guarantees an intensively tested and constantly maintained solution for data management aligned with the further evolution of Avaloq. The clearly defined responsibilities of each party will reduce implementation costs and risks for joint clients of BâSource and AIM Software.â