July 2019: With Bank Gutmann, abraxas was able to convince another renowned financial service provider of the capabilities of RiskLine in the efficient and automated consolidation and quality assurance of financial market data.
Bank Gutmann’s aim is to optimize the validation and distribution of price data for money market instruments, inflation-linked bonds, funds, shares, futures, options, bonds, certificates as well as exchange rates and precious metals centrally and automatically in an upstream process, thus reducing the manual process effort.
To this end, RiskLine will be used in future to request specific price information from various data suppliers on a daily basis and to check for market conformity using various validation methods. The resulting quality-assured price information is then automatically fed into the downstream fund accounting system XENTIS and the core banking system Banqpro, which require these prices for further processing.
When opting for RiskLine, it was particularly important to Bank Gutmann that validation methods can be parameterised by the business user and do not need to be programmed in order to be able to act quickly and flexibly.
We are pleased that Bank Gutmann, another renowned and market-leading bank in Austria, is convinced of our RiskLine solution and the capabilities of abraxas and look forward to a good cooperation based on partnership.
