Bayern LB selects Profidata Xentis software for custody services
Summary
Profidata AG 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. For many years now, BayernInvest KVGmbH has already successfully relied on XENTIS, which handles all the core tasks for capital management companies and custodians, and digitises and automates the relevant processes, such as fund accounting and investment limit controls. Johann Maurer, head of department for custody services for the non-group capital management companies served by BayernLB, comments: “In the past I’ve been consistently impressed by the powerful functionality and user friendliness of XENTIS. I am delighted that BayernLB is now switching to an innovative, versatile and wellestablished fund accounting system, so that it is extremely well equipped to meet the future challenges of the custody services market.” We will therefore continue to make selective investments in this area to ensure we can provide our customers with effective support in future in performing their tasks.