Danske Capital selects AIM Software’s EDM’s Business Applications
VIENNA, Austria – March 25, 2015 – AIM Software, the leading provider of Enterprise Data Management solutions, announces that Danske Capital has selected GAIN from AIM Software supporting their “fit for purpose” strategy but also to apply further cost control optimizing the flexibility mixing vendors in the short run.
Danske Capital is the asset & fund management entity of Danske Bank Group, the largest bank in Denmark and a leading player in the northern European financial markets. With a strong presence in the Nordic region and a rapid growth in other markets.
The firm handles app EUR 105 billion (total AUM) across portfolios on behalf of private individuals, institutional clients and app 400 mutual funds. Danske Capital needed a solution to discover and resolve data issues before they impact the operational processes running on SimCorp Dimension. Additionally, the firm was looking to have a central platform to enable central data governance and control with a complete auditability at every step.
AIM Software was chosen as the result of a comprehensive selection process involving all leading Enterprise Data Management (EDM) suppliers to the Financial Services industry. GAIN was selected due its pre-built business applications approach, and its fully maintained integration to SimCorp Dimension developed in partnership with SimCorp.
Jacob Wahlers, Head of Market Data & Monitoring at Danske Capital, said “We have chosen GAIN over its competitors because it was the only vendor to provide a combination of fully maintained business applications, with an complete integration with SimCorp Dimension. We wanted to improve the end-to-end efficiency of our daily operations and a solid platform able to quickly adapt to our constantly evolving data needs. AIM Software’s approach gives us the full confidence to achieve these goals with substantial costs savings, while drastically reducing risks”.
Josef Sommeregger, Chief Commercial Officer at AIM Software, concludes: „We are proud to welcome Danske Capital in our growing community of clients in the Nordics. Investment Managers are eager to keep control over the data which fuel their core operations, driven by a pressure for more efficiency, data governance and reporting. Our growing success within the SimCorp Dimension’s user community the last three years confirms the relevance of our partnership with SimCorp in addressing the demand for a cost effective and powerful EDM platform in this community. We look forward to working with Danske Capital to develop further our offer to the SimCorp user community.”
About AIM Software
AIM Software is the fast growing and award-winning provider of data management software products to the financial services industry. Over 90 of the world’s leading asset management, private wealth management, asset servicing, fund administration and global custody firms rely every day on AIM Software’s GAIN to support their core business data needs. With offices in Vienna, New York, London, Luxembourg, Zurich and Paris, AIM offers best-in-class applications designed to work together in a fully integrated business suite, GAIN.
What is different? • AIM’s "business applications" are pre-built packages of business workflows (e.g. securities data opening, portfolio pricing, corporate actions validation, research data) running on top of a modern data management platform and maintained as part of the product. Compared to classic approaches to EDM (Enterprise Data Management) based on platforms and tools, this approach ensures custom developments are kept to a minimum, projects are faster to implement and the overall cost of ownership on the long term is lower.
Industry accolades and awards include:
• "Best EDM Platform for Portfolio Pricing" Award 2014 & 2013 at A-Team Group DMS Awards
• "Best-in-Class" Data Management System by CEB TowerGroup (2014 “Data Management Systems” report) in two categories: Business Process Improvement, Product Scope
• Listed by Chartis RiskTech100® as one of the 100 most significant companies in the risk technology sector in 2012, 2013 and 2014.
For further information, please visit www.aimsoftware.com.