Sydbank plans to use the Gain DataDesktop program to integrate Telekurs’ VDF (Valor Data Feed) data automatically into its core banking system. It will also deploy the platform to process EU taxation data in compliance with the EU Savings Tax Directive, which is due to take effect next month.

We will be able to completely automate the integration of VDF data into our Apsys banking application which will support us in improving our data quality and in reducing manual processes to a minimum level, said Thomas Konig, CFO at Sydbank.