Luxembourg bank adopts AIM's data management platform

Banque de Luxembourg will implement AIM Software's GoldenMaster reference data management platform to optimize the delivery of validated pricing data and static data from Telekurs, Bloomberg and Wertpapiermitteilungen, into its core banking system Avaloq.

In the course of implementing Avaloq as its new core banking system, the private bank has decided to overhaul its data management infrastructure.
AIM has said that it has implemented its service-oriented-architecture framework together with the Gain SmartClients, offering a flexible adaptation of the Gain application to customer specific requirements.

Anita Obadia, project manager at Banque de Luxembourg, said: “GAIN’s interface is the only one certified by Avaloq. We will now be able to work within a multi-source environment to manage our pricing and reference data via a scalable platform that can grow along with our future needs.

Drawing on its connectivity with more than 15 data feeds, GAIN GoldenMaster is expected to serve as a future-proof framework by processing instrument requests from Avaloq and other internal software, and validating data by applying the client’s specific business rules. The validated data is directly fed back into Avaloq through the GAIN | Avaloq adapter. Banque de Luxembourg will now be able to carry out a streamlined data scrubbing.

Martin Buchberger, head of marketing and sales of AIM Software, said: By deploying Gain GoldenMaster, Banque de Luxembourg will be able to approach the automation of standardized data processing step by step and thereby increase overall operational efficiency.

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