Basel-headquartered Banque CIC (Suisse), which serves both private and business clients, has upgraded its existing Gain data management platform for an enhanced processing of SIX Telekurs VDF data in Avaloq, via the Gain Avaloq adapter.

Banque CIC has been using AIM Software's Gain data management platform for the processing and reporting of data from SIX Telekurs since 2002. This upgrade extends the bank’s existing data management platform to automate the opening of financial instruments and the delivery of basic data from SIX Telekurs, and is intended to reduce time costs while also increasing data quality.

"Given our positive experience with Gain data management in the past and its strong track record in the Avaloq community, we have chosen to extend our existing Gain platform. Thus, we can make even better use of the data feed information," said Geert van Eijnatten, project manager at Banque CIC.

"With Gain and the certified Gain Avaloq adapter we can rely on an out of the box standard reference data management solution that still allows for flexible customisation."

Banque CIC merged with ICM Finance, an asset management company located in Basel and Geneva, in 2008. The bank also opened its eighth branch in Fribourg last year.