Following a market-wide analysis of proven data management suites, Banque de Luxembourg decided to upgrade its existing application to the GAIN Security Master, leveraging its multisource capability and extensive validation facilities.
Banque de Luxembourg is one of the leading private banks in the Grand Duchy. It serves both local and European private investors with investment advice and assistance in financial matters at every stage of their private and professional lives.
The bank decided to migrate its data management operations to GAIN Security Master for two key reasons:
Improved data scrubbing: Owing to the increasing complexity of the securities business, the bank needed a system that supported rule-based validation of pricing data.
Certified integration with Avaloq: Banque de Luxembourg went live with Avaloq in November 2009 and became a primary user of the system. They needed to ensure that the data received by Avaloq was reliable and fit for purpose.
GAIN Security Master provides Banque de Luxembourg with a data quality firewall, protecting the Avaloq Banking System from poor quality data. The system manages the end-to-end data preparation process for pricing and reference data from multiple sources, providing Avaloq with clean, consistent data that is ready for use by the business while at the same time significantly increasing operational efficiency levels.