Press releases
Security KAG goes to Xcloud
Security Kapitalanlage Aktiengesellschaft relies on the new XENTIS as a Service solution from the Profidata Group.
Urdorf, 14 August 2020 | The investment company of Grazer Wechselseitige Versicherung AG now has a complete investment management system at its disposal without having to maintain its own IT infrastructure. Security KAG has been using the XENTIS software solution as its central asset management system in-house for several years. The entire investment process of Security KAG, including IBOR and the automated execution of ex-ante and ex-post limit checks, is mapped in XENTIS.
Since mid-2020, ISAE 3402-certified Profidata Managed Solutions AG (PDM) has taken over the operation of XENTIS for Security KAG. XENTIS is hosted in a highly secure data centre with 24/7 availability in accordance with EBA and FMA/BAFIN guidelines and recommendations. Profidata's services include the operation of the entire XENTIS IT infrastructure and application management.
"Outsourcing our XENTIS solution to Profidata's Xcloud allows us to focus even more on portfolio management as our core competence. At the same time, Xcloud enables us to flexibly adapt the infrastructure to our growing needs. The transition from on-premise to Xcloud went smoothly. We consider ourselves optimally positioned both technically and operationally and well prepared for future requirements."
Richard Kauppert, Managing Director of PDM, explains: "The ever-growing regulatory and operational requirements for IT operations are forcing all asset managers to rethink their own positioning. Profidata's new Xcloud offering, which is based on many years of experience in ASP operations, offers a compelling option here." Dr. Joachim Wack, Co-Director of PDM, adds: "In addition to experience, regulatory compliance, reliability and cost efficiency, the cloud principle enables us to offer a high-performance infrastructure that is always up to date and, of course, XENTIS's operational expertise. We are delighted to welcome Security KAG as another customer to our service platform."
Security KAG, based in Graz, is a wholly owned subsidiary of Capital Bank – GRAWE Gruppe AG and currently manages a fund volume of around 5 billion euros in the form of investment funds. With the experience of Austria's fifth-largest insurance group, Security KAG looks back on a long tradition dating back to 1828. Security KAG is involved in the management of the financial assets of Grazer Wechselseitige Versicherung AG, including its foreign subsidiaries, and thus sees itself as an insurance KAG that can offer its customers not only sound investment products but also insurance expertise for problem solving. More information is available at www.securitykag.at
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. The company is headquartered in Urdorf near Zurich. It has offices and representative offices in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.
Questions regarding this press release will be answered by:
Richard Kauppert
Managing Director
Profidata Managed Solutions AG
Stephanstrasse 3
60313 Frankfurt
Germany
+49
richard.kauppert@profidata.com
www.profidata.com
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