KAS Bank is a leading provider of custodian and fund administration services located in the Netherlands, United Kingdom and Germany, administrating over EUR 400bn in assets on behalf of professional clients within the pensions and securities industry.
KAS Bank recognized the need to migrate from a legacy data management system to one that could support the company’s digital transformation to become more agile and competitive. The solution had to be seamlessly implemented with existing in house systems and the newly acquired SimCorp Dimension system, meanwhile causing minimum disruption to the firms’ current operations.
After an extensive selection process, KAS Bank selected AIM Software’s GAIN as its central data management platform. AIM Software’s ability to deliver the solution in a rapid, low risk manner, was a major advantage over its competitors, with the opportunity to extend the platform to meet further business processes and data feeds delivering yet more benefits to KAS Bank.
The complete solution implemented is comprised of three modules from the GAIN product suite: GAIN Security Master, GAIN Portfolio Pricing, and GAIN Corporate Actions, all of which are being delivered to KAS Bank as a hosted, managed solution service through GAIN in the Cloud, AIM Software’s software-as-a-service (SaaS) solution. Through a productized and fully maintained interface, KAS Bank uses GAIN to automate much of its security opening and maintenance processes, significantly reducing operational risk. The platform will also introduce rules and workflow-driven processes for corporate actions processing, enabling the bank to achieve higher STP rates.
The GAIN platform sits upstream of investment management solutions from SimCorp’s Dimension portfolio and delivers validated data via a fully-maintained integration interface.