Press releases
Custody business: Sparkasse KölnBonn relies on the XENTIS SaaS solution
Sparkasse KölnBonn is another provider to choose Profidata's XENTIS SaaS solution in order to meet the ever-increasing requirements of the market and regulatory authorities in the long term.
Frankfurt am Main, 19 December 2022 | The mapping of the entire custodian process in the integrated investment management system XENTIS enables the replacement of the applications previously used by Sparkasse KölnBonn. In addition, the efficient operation of XENTIS in Profidata's ISAE 3402-certified cloud infrastructure (Xcloud) as software as a service reduces the workload for Sparkasse. This allows the specialist department to concentrate fully on its banking tasks, while security and efficiency are increased.
Dr Andreas Dartsch, Member of the Board of Sparkasse KölnBonn, explains: "When deciding on Profidata, it was important to us to choose an experienced partner who is well established in the custodian market. The joint project team, comprising employees from Sparkasse and Profidata, worked together excellently. This enabled us to implement XENTIS within 10 months and migrate all funds without disrupting the day-to-day business of the custodian bank. With XENTIS, Sparkasse KölnBonn is ideally positioned for the future as a custodian bank."
With total assets of €27.8 billion and around 3,700 employees, Sparkasse KölnBonn is one of the largest municipal savings banks in Germany. Almost one million customers value its award-winning advice, services and products for their financial needs in every stage of life.
"Switching to a new system requires convincing arguments for the solution and always a little courage. The success of the project impressively demonstrates that the strategic decision in favour of XENTIS was the right one. We are delighted to welcome Sparkasse KölnBonn as another partner to the list of XENTIS custodians and to expand our position as market leader in this segment."
Sparkasse recognised the challenges of change and increasingly demanding customer needs early on and is constantly adapting its strategy, products, processes and services accordingly. It sees digital transformation as an opportunity to achieve even greater customer satisfaction without sacrificing personal customer proximity and its roots in the region. For more information, visit: www.sparkasse-koelnbonn.de
Profidata Group
Founded in Switzerland in 1985, the Profidata Group offers standard 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 representatives in Frankfurt am Main, Saarbrücken, Luxembourg, London and Singapore.
Questions regarding this press release will be answered by
Gunther Glabbatz
Management Frankfurt
Profidata Services AG
Stephanstrasse 3
60313 Frankfurt
Germany
+49 69 297 28 95 0
gunther.glabbatz@profidata.com
www.profidata.com
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