Press releases
Allianz Investmentbank chooses XENTIS
Allianz Investmentbank AG is introducing Profidata's XENTIS investment management system for the administration of its funds and mandates.
Urdorf, 15 May 2020 | The solution is operated as "Software as a Service" in Profidata's ISAE 3402-certified cloud infrastructure (Xcloud). The range of functions and user-friendliness of XENTIS impressed both the management and the specialist departments at Allianz Investmentbank. With XENTIS, Allianz Investmentbank has achieved end-to-end process automation and thus highly efficient workflows in fund administration. In addition, operating the application in the secure Profidata Xcloud reduces the strain on Allianz Investmentbank's IT resources and ensures optimal IT service. The Profidata package also stands out thanks to its comprehensive mapping of regulatory requirements and a successful and proven project model for implementation.
"After evaluating alternative providers and systems, we quickly decided that XENTIS was the right system for implementing our strategy. Profidata's offering, with its coordinated elements of software, operation and project setup, as well as its excellent customer references, convinced us. With XENTIS as a Service, we can reduce complexity, respond flexibly to new requirements and sustainably increase our performance, which ultimately benefits our customers."
Gunther Glabbatz, Regional Director of Profidata Services AG, notes: "Replacing a core system is not an easy decision and certainly not an easy task. It requires a careful selection process, comprehensive preparation and precise planning, as well as rigorous project execution. In addition to technical and functional aspects, the minimisation of product, operational and project risks as well as the consistent strategic alignment of both companies are essential elements that must be taken into account."
Allianz Investmentbank AG was founded in Austria in 1989 by the Allianz Group. Its business activities focus on offering funds to private and corporate customers. Its subsidiary, Allianz Invest Kapitalanlagegesellschaft mbH, is one of Austria's top five fund companies with assets under management of around €12 billion. Allianz Investmentbank AG is a wholly owned subsidiary of Allianz Elementar Versicherungs-AG, which in turn is indirectly owned by Allianz SE Munich. Allianz SE is the world's largest insurance group in terms of revenue and market capitalisation and one of the largest financial services providers.
Profidata Group
Founded in Switzerland in 1985, the Profidata Group offers software solutions for investment and wealth management as well as services for financial service providers. Its headquarters are located in Urdorf near Zurich. The company has branches and representative offices in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.
Questions regarding this press release will be answered by:
Gunther Glabbatz
Regional Director
Profidata Services AG
Stephanstrasse 3
60313 Frankfurt
Germany
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