December 2019: With DekaBank, abraxas GmbH was able to convince another renowned securities service provider of the capability of FundLine in the efficient handling of the complex commission processing of investment funds.
With the clear objective of expanding and at the same time modernising the commission process as a business-critical component of DekaBank’s business model, with a new software, DekaBank decided to optimise the entire commission process with FundLine.
Deciding factors for the choice of FundLine and abraxas were the high functional coverage of DekaBank’s commission processing requirements, the many years of project experience and the omprehensive services provided by abraxas.
DekaBank is the securities house of the savings banks; together with its subsidiaries, it forms the Deka Group. As a central service provider, it combines expertise in asset management and banking – as an asset manager, financier, issuer, structurer and custodian bank. With total assets of around 306 billion euros (as at the end of September 2019) and around 4.7 million managed securities accounts, the Deka Group is one of the largest securities service providers and real estate asset managers in Germany.
