Dutch securities services provider and fund administrator KAS Bank has chosen AIM Software’s GAIN data management system to replace its legacy system.
KAS Bank, which administrates over €400 billion in assets for clients in the pensions and securities industry, stated it chose the GAIN system over in-house development and other off-the-shelf systems because it wants to expand the platform to the business' other processes and data feeds in the future.
"We have chosen GAIN because it was the most cost effective and lowest risk option to migrate from the legacy system," says Mark Schilstra, managing director of asset servicing, KAS BANK. "[The] business applications are designed to meet the particular challenges of our asset servicing operations, and will help us reduce the operational workload."
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails