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.”