Press releases
Optimisation of the custodian business: Kreissparkasse Köln relies on XENTIS
Kreissparkasse Köln is another major savings bank to choose the market-leading XENTIS software solution.
Frankfurt am Main, 4 October 2024 | Kreissparkasse Köln is expanding and modernising its custodian business. With XENTIS as a Service, provided in the ISAE 3402-certified cloud infrastructure (Xcloud), Kreissparkasse Köln benefits from powerful functions optimised for custodians, thereby achieving an increase in the security, efficiency and quality of its business processes.
The XENTIS custodian solution offers Kreissparkasse Köln a wide range of functions, including powerful fund accounting, automated portfolio reconciliation, NAV calculation and flexible investment limit checks. The fully integrated modules are designed to provide users with the best possible support. FundLine-S from abraxas, a subsidiary of the Profidata Group, also makes a significant contribution to this by ensuring the efficient mapping of the share certificate business at Kreissparkasse.
"The service modules offered by XENTIS follow a coherent thread. By using this new software solution, we expect to further optimise the processes in our custodian bank business in terms of providing the best possible customer service and thus sustainably expand our market position."
Kreissparkasse Köln emphasises the partnership-based and professional approach of the Profidata Group, which convinced them in their decision-making process, in addition to the performance of the custody solution. Gunther Glabbatz, Regional Director of Profidata Services AG in Frankfurt am Main, adds: "The cooperation between Kreissparkasse Köln and Profidata marks another important milestone for us. The custodian market is a strategic business area for Profidata, in which we have not only been investing significantly for many years, but will continue to do so. This means that our XENTIS customers will continue to benefit from new product and service innovations in the future, for example in the area of alternative investments."
Dr Frank Jenner, responsible for Business Development & Marketing on behalf of Profidata's management, is delighted that another customer has been convinced of the advantages of the XENTIS custodian solution and of Profidata with its 100% success rate in XENTIS implementation projects. "We are delighted to welcome Kreissparkasse Köln as another strong partner to the ever-growing XENTIS custodian family."
Kreissparkasse Cologne
With total assets of €29.8 billion and over 3,100 employees, Kreissparkasse Köln is Germany's largest municipal savings bank. In its business area – the Rhine-Erft district, Rhine-Sieg district, Rheinisch-Bergisch district and Oberbergisch district – it serves around 1 million customers in all matters relating to money. As a universal credit institution, it offers a wide range of financial services for private and corporate customers as well as municipal and institutional clients. Part of its philosophy is also a broad social commitment. In 2022 alone, more than 2,000 initiatives were supported with €3.4 million. For more information, visit: www.ksk-koeln.de
Profidata Group
Founded in Switzerland in 1985, the Profidata Group offers software solutions for investment and wealth management. This offering is complemented by a rapidly growing, broad range of services in the areas of software as a service, consulting, implementation, training and support. Profidata is headquartered in Zurich. The company has offices and representative agencies in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.
Questions regarding this press release will be answered by
Gunther Glabbatz
Management Frankfurt am Main
Profidata Services AG
Stephanstrasse 3
60313 Frankfurt am Main
Germany
+49 69 297 28 95 0
gunther.glabbatz@profidata.com
www.profidata.com
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