aixigo relaunched digital portfolio management system at investify

aixigo has relaunched its high performance portfolio management system for the fully digital wealth manager investify.

aixigo has further expanded the features of the high performance portfolio API. It accepts large amounts of data as raw material from legacy systems, refines them quickly, on a mass capable and flexibly into information and makes it available to all customer systems.

aixigo gründet digitale Vermögensverwaltung

The aixigo API currently comprises just under 100 services. Each of these services can be configured individually using call parameters. For digital wealth management, the API provides all the processes and functions required for volume business. This makes wealth management services suitable for the masses and is no longer reserved for very wealthy clients. The flexibility of the REST API allows financial service providers to innovate even the digital customer experience. Be it via apps, chatbots or voice interfaces.

In the case of investify, this primarily concerns the areas of portfolio analysis, monitoring and reporting. Here, the API is used as an infrastructure component to supply investify’s customers with enhanced data. In concrete terms: regular portfolio reporting and detailed analysis results that are available on-demand.

“The speed and mass suitability of the module enables an extremely scalable portfolio analysis, which is crucial for digital asset management. Moreover, it is a decisive advantage of investify for high volume B2B cooperation in the banking and insurance sector”, says Sebastian Hasenack – founder & managing director of investify.

“The aixigo high performance portfolio API is based on five basic principles that we have not invented but consistently apply. To make the data quickly available, it is stored in an in-memory database . We use so-called cache-oblivious algorithms to reduce processor waiting times,” says Fabian Budde – Head of Customer Projects aixigio AG.

The fast transfer of data between different algorithms is guaranteed via high speed interconnections. The flexibility results from a REST API design and an integrated BPM engine. In this way, aixigo equips financial service providers with state-of-the-art technology and makes them fit for the challenges of the future.

Current developments in private investment – Massive changes in the market environment – customer reactions and adjustments of offers

The market for personal investments will change radically: Digitalisation, competition, regulation and clients are pushing financial service providers towards innovation in the field of investment. Channels, services and techniques need to be newly invented to comply with the given requirements.

With the provisions of MiFID II / FIDLEG, which came into force at the beginning of this year, banks and financial service providers face challenges such as cost transparency. In addition, innovation pressure from FinTechs and the massive expansion of ETF offerings are driving institutions to action. The changes made by the ECJ ruling in 2017 and new channels such as Alexa & Co. are giving banks and financial service providers new opportunities in sales. 

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Digital Portfolio Management Technology for robo advisor and branch – Why is it so important for banks to now set the course for a sustainable infrastructure?

aixigo at the Finanzdienstleister der nächsten Generation 2018, Frankfurt

Once again, the Frankfurt School of Finance & Management Conference took place in Frankfurt on April 11. Bernard Ehrlich, Head of Consulting & future lab at aixigo, revealed to the audience the background of aixigo’s trend-setting portfolio technology. Which trends dominate the market? Which requirements for banking technology do these trends entail? Moreover, how did aixigo implement these high requirements?

As an introduction, Bernard Ehrlich initially reported on three key trends in the securities business: Regulation. Digitalisation. Big Data & AI. Each of these trends places special demands on banking technology.

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Great start in 2018 – aixigo has taken part in great events in the banking and financial sector

In the past three months aixigo was on the way to and at different events in London. Starting with the Robo Investing in London leading to the last event of the FinovateEurope at the start of March 2018. Finally, we can quickly outline the events in a few words:

Robo-Investing, 01. 02. 2018

With a presentation during a panel slot, Mario Alves presented and introduced aixigo to the attendees. In a very short Q&A session, the panel attendees discussed financial topics and questions asked by the audience on stage.

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4 million customers – worlds possibly largest Standard Portfolio Management System has gone productive!

Why?

These last weeks have been incredibly exciting here at aixigo. We were able to make a giant step in the utilisation of our technology. Until now our single largest installation has held 1.3 million clients and their securities accounts. Now this product has been expanded to over 4 million clients. This really makes us proud – and we will continue to see the technological development of our products as unique part of our positioning.

Wealth Management Platform is live

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aixigo wins the most important Banking IT-Innovation Award of Switzerland

The “Banking IT-Innovation Award” is presented by the Business Engineering Forum of the University of St. Gallen and honours innovative and technology-based solutions that convince both at the customer front and the back office. aixigo accepted the most important IT award in Switzerland at the award ceremony in St. Gallen on 16 November.

The three winners of the 2017 Award were honoured at the Business Engineering Forum. Next to many high-caliber key-note speakers, the award winners presented their innovative solutions to the selected audience. For aixigo, Christian Friedrich, CEO aixigo, and Marcus Gründler, Head of Portfolio Management Systems at aixigo, presented aixigo’s new Wealth Management platform, which stands out for its speed and portfolio mass management and convinced the independent jury.

Watch the talk:

Watch our video with an English subtitle.

aixigo’s Wealth Management Platform manages to analyze and calculate millions of portfolios in minutes – no system on the market is that fast up to now. Even extremely broad portfolios (> 30,000 transactions, 10-year history) can be analyzed in milliseconds. Based on the APIs, the Wealth Management Platform is flexible – enabling both a cloud and custom solution. Currently, all functionalities covering the aspects of a digital asset management offer are included (eg. performance measurement, risk monitoring, rebalancing etc.).

Christian Neuenhaus, Head of Marketing and Communication at aixigo, managed the entire application process of aixigo. In September, the application to the University of St. Gallen went out and only a month later aixigo got the answer and announcement about the award:

“Aixigo’s High Performance Portfolio Management System demonstrates the importance of back-office innovation, which is often not visible to the end user. The cloud-based solution enables new use cases through its performance. On the one hand, asset management is democratised, as it creates an infrastructure that enables wealth management in the retail sector as well. On the other hand, the requirements of future technologies (e.g. KIs) are anticipated and enabled. All of this happens in a way that also makes it easier for traditional providers to transform to this new technology base.” Judgment of the jury of the Banking IT-Innovation Award 2017.

Ralf Steinhauer, Senior Sales Manager aixigo, and Christian Neuenhaus were also present at the award ceremony in St. Gallen on 16 November next to the presenters: “It has been shown that practical innovations that are extremely important – for both the bank and the customers – find a corresponding appreciation in the market. Even the key note speakers of the awarding show the importance for the Swiss area.”

 

For more information and impressions about aixigo’s solution, please visit our API website or see our explanatory films on our YouTube channel. Here you will also shortly find the videos of the day in St. Gallen.

Interview with Kai Friedrich – Consorsbank & BNP Paribas

In the context of the project “Digital David” of the Consorsbank and BNP with aixigo, Mr. Friedrich, CEO Consorsbank and DAB, gave detailed information about the development of the market and told Christian Neuenhaus, Head of Marketing and Communications at aixigo, how the Consorsbank and BNP react to this development.

Neuenhaus: Mr Friedrich, you have once in an interview to the question “How digitalisation changes the relationship with the customer?” responded that customers today are taking a much more active role than before and are, simultaneously, cooperation partners. What is the role of the digital consulting project in this context?

Kai Friedrich, CEO Consorsbank
and DAB, BNP Paribas Group

Kai Friedrich: In our project, we already involve future users of the system during the specification phase. Here, various user tests are carried out with customers in order to be able to react to the customer’s wishes as early as possible.

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aixigo at the FinDEVr London – Review

Almost a month ago, aixigo was present in London at the FinDEVr, another format of the Finovate Group. In addition to many interesting presentations and dialogues, it was also a nice time in London. Marcus Gründler, Head of Portfolio Management Systems, and Jonas Pommerening, Software Developer, were out and about as a presenter team in London and have shown in a short presentation how to quickly create individual customer solutions with aixigo’s Digital Wealth Management APIs and a workflow engine “off the shelf”. As an example of this served a process that identifies portfolios that fall below a performance threshold and realigns them based on the individual investment guidelines.

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