Profidata’s e-AMIS Wealth Management System has been adopted by two firms, Raiffeisen Vermögensverwaltungsbank AG Vienna (RVV) and the Raiffeisen Salzburg Invest Kapitalanlage GmbH (RSI).
RSI uses the system to manage Raiffeisen portfolios in the trading area of Salzburg and RVV uses the system to administrate client mandates from Raiffeisen banks in the remaining federal states.
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According to Profidata, the installation of this system has enabled the establishment of an entirely automated investment process. Within the space of a few minutes, up to 3 000 portfolios can be rebalanced against model portfolios and pre-trade compliance checks completed.
The orders resulting from the rebalancing are then relayed to the affiliated banks for execution and the respective execution messages received.
The firm also adds that the e-AMIS system helps in incorporating portfolios from all banks in the rebalancing which are subsequently separately integrated into global market orders. Additionally, the detailed order books are simultaneously made available to all respective banks.
Furthermore, periodic- and MiFID- compliant client reporting will be generated with e-AMIS and the system will also maintain the Raiffeisen Wealth Management internet portal on a daily basis by supplying comprehensive asset and performance data.
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By GlobalDataIngrid Szeiler, member of the RVV executive board, expressed her satisfaction with the system choice and project to date: "In order to operate successfully in our core business sector, we rely on a modern and efficient wealth management system. With Profidata’s proficient support, we’ve succeeded in initiating the e-AMIS system within our established timeframe and budget restraints. Both RVV and Profidata employees have performed exceptionally."
