Press releases
XENTIS supports investment controlling at BLKB
Basellandschaftliche Kantonalbank (BLKB) is another cantonal bank to opt for XENTIS software as a service. It is operated on a private cloud infrastructure called Xcloud.
Urdorf, 21 January 2020 | BLKB has decided to reorganise its investment controlling for asset management and optimise the effectiveness and efficiency of its controls with a suitable software solution. After evaluating various system providers, Profidata was selected. XENTIS will support BLKB as a best-practice solution for the efficient and effective digitalisation of control processes, improve the quality of legal and regulatory requirements in the area of the Collective Investment Schemes Act (CISA) and the Ordinance on Occupational Retirement, Survivors' and Disability Pension Plans (BVV2), and achieve time and cost savings by simplifying and automating internal control processes.
"By outsourcing additional services to Profidata, such as technical monitoring and administration as well as the initial configuration of the desired investment compliance functionality, we will be able to devote more time to our customers and the day-to-day business of BLKB in the future."
Frank Jenner, responsible for Business Development & Marketing at Profidata, would like to thank BLKB for its trust: "BLKB is a significant gain for XENTIS' customer base. Profidata is delighted that BLKB is another Swiss cantonal bank to take advantage of the XaaS service, which is increasingly in demand and particularly attractive to medium-sized financial service providers."
With almost CHF 20 billion in client assets under management, over 650 employees and 22 branches, BLKB is the largest bank in the Basel region and one of the leading banks in north-western Switzerland. BLKB serves private individuals, companies, municipalities and the canton. Through its responsible and sustainable approach, it contributes to the positive development of the entire region.
www.blkb.ch
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 more than 190 employees in its branches and representative offices in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore. Profidata offers solutions exclusively for the financial sector and has extensive experience in implementing complex requirements for a wide range of customer profiles – from fund management companies and banks to asset managers, insurance companies and pension funds.
Further information can be found at www.profidata.com.
Questions regarding this press release will be answered by:
Dr Frank Jenner
Management
Profidata Group
In der Luberzen 40
8902 Urdorf
Switzerland
+41 44 736 47
frank.jenner@profidata.com
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