Media
ELAXY delivers efficient data archiving services to Fondsdepot Bank
03 Mar 2008
Coburg, 3 March 2008. Fondsdepot Bank (FodB) has outsourced its document archive to ELAXY. Since January 2008, the financial institution can access an integrative archive in ELAXY's Coburg data processing services centre. The outsourcing contract has an initial term of five years. In cooperation with d.velop AG and imbus AG, ELAXY has implemented the outsourcing solution – which comprises archiving and the migration of the old archives "FileNet" and "eFirst" (BancTec) – within a few months only. ELAXY will act as general contractor und will provide all services related to running the data processing centre. d.evelop has designed the new archiving system d.3 whereas imbus AG was responsible for converting the old archive eFirst of BacTec.
By outsourcing its document archive, the Hof-based Fondsdepot Bank wants to simplify its IT infrastructure. "We aim at delivering reliable and cost-efficient services to our customers", Mike Margetts, member of Fondsdepot Bank's management board comments on the cooperation with ELAXY. The central archive in the Coburg data processing centre will provide both the hardware and infrastructure as well as the system for archiving, research and indexing. ELAXY and its partners edited all data of the old systems to allow for a transfer into the new d.3 archive without complications and to enable the Fondsdepot Bank staff to easily access the now structured electronic files. ELAXY will archive both paper documents which will be scanned and indexed with the help of d.evelop software as well as print data streams (COLD – Computer Output on Laser Disc) using a special print data preparation system developed by ELAXY itself.
The archiving solution provides employees with standardised processes and allows for a quick and easy research. Moreover, the number of interfaces could be reduced. The operating, licence and maintenance costs could also be cut. "Both the Fondsdepot Bank employees and our customers will benefit from this solution. We are looking forward to working with ELAXY", Mike Margetts says. Markus Schäferhoff, CEO of ELAXY Business Solution & Services GmbH & Co. KG, says: "Having been the general contractor for the first time, this project was an interesting challenge for us. We are delighted that ELAXY and its partners could perfectly meet Fondsdepot Bank's requirements and provide them with a tailor-made solution."
About ELAXY
ELAXY is one of the leading providers of software, consultancy and services to banks and financial services companies. ELAXY Group comprises four units: ELAXY GmbH, ELAXY Business Solution & Services GmbH & Co. KG, ELAXY Financial Software & Solutions GmbH & Co. KG and ELAXY Format GmbH. The Group with headquarters in Coburg/Germany employs some 220 staff in Coburg, Frankfurt (Oder), Jever und Puchheim. In 2007, it generated revenues approaching some € 20 m. Today, more than 1,000 customers use ELAXY software.
About Fondsdepot Bank
Fondsdepot Bank GmbH which emerged from GKS Gesellschaft für Kontenservice in 2003, has been under operational control of Xchanging, an international pure play BPO company, since November 2007. Fondsdepot Bank provides portfolio management and administration services on an open fund platform to investment companies, distribution companies, banks and other businesses. With some 1.3 million active securities accounts and an asset volume under management approaching € 19.2 bn, Fondsdepot Bank is one of the leading providers in the area of transfer agencies in Germany and offers its customers a portfolio adding up to some 6,500 public funds of more than 150 investment companies. Fondsdepot Bank which employs more than 400 staff, is regulated by the Bundesbank and BaFin, and has a partial banking licence.
Press Contact
Bianca Bauer
Am Hofbräuhaus 1
96450 Coburg
Tel. +49 (0)9561.5543.261
Fax +49 (0)9561.5543.302
E-Mail: bianca.bauer@elaxy.de
Managing Directors: Gunther Gätjen, Günter Juhr
Headquarters: Coburg
Registered: Amtsgericht Coburg HRB 3624
This release is to be found on www.elaxy.de.