DGAP-News: COR&FJA AG: DekaBank agrees on collaboration with COR&FJA
(firmenpresse) - COR&FJA AG / Key word(s): Agreement
14.10.2010 08:51
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DekaBank agrees on collaboration with COR&FJA
(Leinfelden-Echterdingen/Frankfurt am Main, 14 October 2010) - DekaBank, as
the central asset manager in the German savings banks' organisation
Sparkassen-Finanzgruppe, has decided to collaborate directly with COR&FJA
AG in the field of state-subsidised financial investments ('Riester
subsidisation', named after its originator).
With its pension products Deka BonusRente and Deka ZukunftsPlan, DekaBank
now occupies a leading position in the fund-based 'Riester'
government-subsidised pensions segment in Germany. The dynamic growth in
this segment is demanding the further optimisation of the processes in
deposit account services and in communication with Germany's Central
Allowance Authority for Pension Assets (ZfA). If the 350,000-plus policies
in DekaBank's portfolio subsidised in this way are to receive state
allowances of over EUR 75 million each year from the ZfA, the exchange of
millions of data records has to be faultless and prompt and the level of
process security must be high.
Despite being well below the average market rate at DekaBank, the growth in
the number of investments subsidised using the Riester system is another
factor which is making a highly automated and optimised processing of the
data urgently necessary. A high level of dynamism in this area is provided
by 'switching suppliers'. Investors with existing subsidised 'Riester'
plans are increasingly opting for the fund-based pension products offered
by DekaBank. In this context, Christian Knievel, the bank's head of deposit
account services in the 'special topics' area, points with particular
emphasis to the COR&FJA solution's high level of automation: 'The complex
data structures that have to be exchanged between the previous supplier and
DekaBank in the course of a supplier switch can be depicted securely and
cost-effectively only with optimised and above all automated process
support. This extremely interesting field of business where attractive
assets are being transferred to us would not be possible without the
standard software COR.FJA Zulagenverwaltung that is used.'
Michael Kleemann, head of department responsible for COR.FJA
Zulagenverwaltung at COR&FJA, adds: 'Around 40 per cent of the
approximately 13 million plans signed in Germany which are subsidised
through the Riester system are now being managed using our allowance
management software Zulagenverwaltung. Our close cooperation with all our
customers and the ZfA, and the experience we have gathered with the
allowance-related processes since 2002, mean that we can guarantee
DekaBank's stringent standards with regard to the functionality and
automation level of our product.'
COR.FJA Zulagenverwaltung will go live at DekaBank before the end of this
year. The migration of the existing data, which is also being handled by
COR&FJA, is scheduled for 2011. The two parties have agreed to observe
secrecy with regard to the commercial terms in the agreement that they have
now concluded.
About DekaBank
DekaBank is the central asset manager in Sparkassen-Finanzgruppe, the
world's largest finance association. It offers an extensive solution
portfolio consisting of products and services in asset management and also
provides liquidity and comprehensive advisory services for
Sparkassen-Finanzgruppe. The bank's overriding aims are to be the first
choice for savings banks, Federal states' central banks and other
association partners and to offer all customers the products and services
that meet their needs.
DekaBank's activities are bundled within three divisions (Asset Management
Kapitalmarkt [capital market], Asset Management Immobilien [real estate]
and Corporates&Markets) and a central sales unit. There are also
corporate centres for cross-divisional services. The units are dovetailed
closely with one another; this ensures that the bank remains as close as
possible to its customers, as well as securing lean business processes and
the prompt development of new trial solutions across a variety of asset
classes.
With fund assets of more than EUR 176 billion under management, some 4.7
million deposit accounts handled and group branches in Luxembourg and
Switzerland, the DekaBank Group is one of the biggest asset managers in
Germany.
About COR&FJA
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. The service
spectrum ranges from standard software and provision of consultancy
services to the takeover of IT operations (Application Service Providing).
The COR&FJA Group, which has its head office in Leinfelden-Echterdingen and
offices in Munich, Stuttgart, Düsseldorf, Frankfurt, Hamburg, Kiel and
Cologne, as well as subsidiaries in the Netherlands, Austria, Switzerland,
Slovakia, Slovenia, Portugal and the US, currently employs more than 1,000
staff.
Contact
COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com
DekaBank
External Communications
Mainzer Landstraße 16
60325 Frankfurt
Tel.: +49 69 7147-1396
E-mail: presse(at)deka.de
Internet: www.dekabank.de
Contact:
Frank Fahrner
COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 711 94958-730
Fax: +49 711 94958-8730
E-Mail: frank.fahrner(at)cor.fja.com
14.10.2010 08:51 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Deutschland
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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Datum: 14.10.2010 - 08:51 Uhr
Sprache: Deutsch
News-ID 32350
Anzahl Zeichen: 0
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Kategorie:
Business News
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