Automated custodian data handling
Facilitating data exchange between custodian banks and life insurance companies. With the proxy of its clients, LUXHUB collects the information from the custodian banks, structures the content of the files to formats supported by your back-office system and automatically transfers the adequate files. This solution is powered by VERMEG.
Facilitating data exchange between custodian banks and life insurance companies. With the proxy of its clients, LUXHUB collects the information from the custodian banks, structures the content of the files to formats supported by your back-office system and automatically transfers the adequate files. This solution is powered by VERMEG.
A central hub for insurers
In the current digital environment, life insurance companies, as well as other external asset management companies, face key challenges when collecting and processing data from custodian banks.
Custodix Hub aims at strengthening and smoothing the relationship between insurance companies and custodian banks: it offers standardized and automated data extraction and processing, resulting in a significant gain of time, efficiency and therefore costs.
Clients benefit from the key expertise of two leading companies:
- VERMEG’s industry knowledge in the fields of Banking, Wealth & Asset Management, and Insurance
- LUXHUB’s trusted environment, operational excellence and Open Banking pioneer status
Answering to strategic challenges
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Benefit from key industry knowledge
The combination of functional and technical expertise enables you to easily integrate complex data (position reporting, securities and cash transactions, look-through data, new asset class derivatives, Solvency 2, etc.) without any development needed on your side.
Custodix Hub enables the collection and processing of custodian data, the automatic update and adaptation of standard formats, and an easy integration within your information system.
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Easily adapt and embark new custodians
In an ever-changing environment, formats evolve and require periodic interface reviews. Moreover, the addition of new custodians and interfaces is often necessary.
Leverage a flexible solution that enables a smooth and rapid adaptation to new needs and requests.
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Focus on your core business… and outsource the rest
The efficient outsourcing of connectivity, transformation and maintenance represent significant cost – and time – saving.
By leveraging our solution, insurance company will be able to automate processing of various data types – Swift MT or MX files, proprietary formats, XML files, FIX, web services, etc, – through a mutualized platform.
Benefit from key industry knowledge
The combination of functional and technical expertise enables you to easily integrate complex data (position reporting, securities and cash transactions, look-through data, new asset class derivatives, Solvency 2, etc.) without any development needed on your side.
Custodix Hub enables the collection and processing of custodian data, the automatic update and adaptation of standard formats, and an easy integration within your information system.
Easily adapt and embark new custodians
In an ever-changing environment, formats evolve and require periodic interface reviews. Moreover, the addition of new custodians and interfaces is often necessary.
Leverage a flexible solution that enables a smooth and rapid adaptation to new needs and requests.
Focus on your core business… and outsource the rest
The efficient outsourcing of connectivity, transformation and maintenance represent significant cost – and time – saving.
By leveraging our solution, insurance company will be able to automate processing of various data types – Swift MT or MX files, proprietary formats, XML files, FIX, web services, etc, – through a mutualized platform.
Through the automatic data injection into the Portfolio Management System (PMS) insurers will be able to use increased quality data while reducing their operational risks through an elimination of manual tasks.
They will also gain efficiency through automation, with a significant reduction of costs
CEO, LUXHUB
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Want to know more? Let’s discuss how we can help your reach your business goals. Send us your request and we’ll get back to you.