BayernLB opts for Profidata's custody services
February 5, 2019

Profidata AG, a Swiss provider of investment and wealth management software solutions and services for the financial industry, says it has convinced another high-level provider of custody services, Bayerische Landesbank (BayernLB), of the impressive functionality of its XENTIS software for efficiently processing the very diverse tasks involved in its custodian business.

Profidata says that BayernLB's decision to optimize its entire custodial processes using the investment management software XENTIS had one clear objective: to further enhance the excellent business performance of its custody services arm, while at the same time being able to effectively satisfy the constantly growing demands of the market and the supervisory authorities.

For the technical implementation, BayernLB is collaborating with its wholly owned subsidiary, BayernInvest Kapitalverwaltungsgesellschaft mbH. (BayernInvest KVGmbH). Profidata adds that for several years BayernInvest KVGmbH has already successfully relied on XENTIS, which handles all the core tasks for capital management companies and custodians, and digitizes and automates the relevant processes, such as fund accounting and investment limit controls.





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Profidata AG, a Swiss provider of investment and wealth management software solutions and services for the financial industry, says it has convinced another high-level provider of custody services, Bayerische Landesbank (BayernLB), of the impressive functionality of its XENTIS software for efficiently processing the very diverse tasks involved in its custodian business.

Profidata says that BayernLB's decision to optimize its entire custodial processes using the investment management software XENTIS had one clear objective: to further enhance the excellent business performance of its custody services arm, while at the same time being able to effectively satisfy the constantly growing demands of the market and the supervisory authorities.

For the technical implementation, BayernLB is collaborating with its wholly owned subsidiary, BayernInvest Kapitalverwaltungsgesellschaft mbH. (BayernInvest KVGmbH). Profidata adds that for several years BayernInvest KVGmbH has already successfully relied on XENTIS, which handles all the core tasks for capital management companies and custodians, and digitizes and automates the relevant processes, such as fund accounting and investment limit controls.



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