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.
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.
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.”
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.
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.
Digital financial investment and wealth management are currently central underlying themes in the financial market. aixigo has developed a suitable solution for both of these — our high performance portfolio management software via APIs.
To precisely and simply explain this software in just a few seconds, we have produced two short films during recent months. The first part covers the connection between our technology and Amazon Echo; since with the digital portfolio management solution by aixigo, you can not only perform mass calculations for millions of portfolios within a few minutes but can also provide high speed responses for human speech interaction. See here: aixigos digital solution with the amazon Echo!
In June 2017, aixigo will take part in another event in the Finovate Group series. The FinDEVr will take place on 12th and 13th June 2017 in London. The event will focus on innovative financial and banking technology, software development, and software architecture.
aixigo participated as a presenter in the Finovate Europe this February. Already during the event days there were some interviews with our colleagues. Included was a video interview with Fintech Finance – a magazine for the financial sector which is available in print and can be viewed on TV. Afterwards, there was a special edition in the Fintech Finance magazine on the Finovate event and aixigo was asked anew to for an interview.
Now, a few weeks later, we have written down our impressions of the whole process – from different points of view. All in all we can say, FinovateEurope was an awesome experience and we really enjoyed it! And now, have a look at our developer’s and presenter’s view of aixigo’s project “Finovate Europe 2017”:
Read what David, our participating developer, experienced:
At the beginning of December my manager placed an Amazon echo on my desk. “David, we have the idea to present at the Finovate Europe beginning of February. Can you get Amazon Alexa to talk to the PMS API until then?”.
Get to know our specific technical and professional backgrounds on our new API Website.
Meanwhile, here is a short pre-taste to the content:
On our Website, we introduce the newly developed, high performance API Services for portfolio management. They contain the complete functions to cover every aspects of a digital asset management offer (for example performance measurement, risk monitoring, rebalancing). aixigos API Services can efficiently evaluate millions of portfolios within just a few minutes. To be more specific: 1.000.000 customers can be operated in 5 minutes.
Even exceptionally large portfolios (over 30.000 transactions, a 10-year history) can be analysed in milliseconds. In addition, there is the possibility of live communication between client and deposit. The solution — a standard language service which communicates with the APIs. As a result of this unique combination, requests and graphics related to the deposit can be made available faster than ever before.
aixigo will present its newly developed high performance API services for portfolio management at Finovate 2017 in London. They contain all complex functionalities to cover the aspects of a digital asset management offer (performance assessment, risk monitoring, rebalancing). They are able to efficiently operate millions of portfolios.
In addition, we will present how we master the ultimate challenge of live communication between customers and depot. Our solution: A standard voice service communicates with the aixigo APIs! This is how we demonstrate that our system provides results, queries and graphics to the depot faster than ever before.
You can experience this with aixigo at Finovate 2017 – restart your investment business! When you receive your Finovate visitor card via aixigo, you will receive a 20% discount.