The Frankfurter Bankgesellschaft chooses avadapt(md) from oraïse for the integration of market data into the Avaloq Banking System as the first bank.
The Frankfurter Bankgesellschaft (Switzerland) Ltd. is the first Swiss private bank, that has opted for using avadapt(md), the standardised integration solution from oraïse for the automated import of market data into the Avaloq Banking System.
The Frankfurter Bankgesellschaft (Switzerland) Ltd. is one of the largest, German owned banks in Switzerland and is ”The Private Bank” of the German Savings Banks, the largest financial group in the world. As a cross-border banking group, with the main business areas wealth management and private banking, as well as a range of various complementary financial services, the bank and its subsidiaries provides a broad and integrated service offering for wealthy customers in the target markets Germany and Switzerland.
With avadapt(md) the bank has decided to use a standardised client-server solution, which was developed by oraïse in co-operation with Avaloq and Thomson Reuters and that has been optimised for operating in data centres. Centrepiece of the solution are the different service and operation models combined with an adapter certified by Avaloq, which enables clients to select a flexible solution that meets the individual customer requirements. By using avadapt(md), the automated delivery of individual pricing data into the Avaloq Banking Systems is easily and quickly feasible. Another plus is the short migration period. Through the possibility of concurrent operation of the new and existing systems, the integration process of the solution is often limited to a few days.
“Crucial for the selection of oraïse were our requirements of operational reliability of the Avaloq Banking System as well as the possibility of a quick and easy integration. avadapt(md) by oraïse offers a solution that perfectly fits our individual needs regarding the automated delivery of pricing data and which simultaneously improves our operational safety”, explains René Gutleben, Head of IT of the Frankfurter Bankgesellschaft (Switzerland) Ltd.
“Additionally, the oraïse solution ideally supports our automation efforts and therefore contributes to the improvement of straight through processing”, adds Gutleben.
"We are very pleased to welcome the Frankfurter Bankgesellschaft as the first customer of the Swiss private banking community. This project represents an important milestone for us so shortly after the certification of avadapt(md) by Avaloq and we are proud to announce, that we already have several other projects being implemented as we speak”, says Manuel Raeber, Managing Director of oraïse Switzerland Ltd.