TMCnet News
AIM Software Wins Inside Reference Data Award for "Best Corporate Actions Data Initiative"AIM Software, the leading provider of enterprise data management (EDM) applications to the financial services industry, announced that its GAIN Corporate Actions DM (CADM) has won the "Best Corporate Actions Data Initiative" at the Inside Market Data/Inside Reference Data Awards 2016. These awards were based on a reader survey: data management, business and technology professionals from financial institutions voted for their best vendors. As part of a complete suite of purpose-built business applications, GAIN CADM is focused on creating and maintaining a golden copy record of corporate actions events via the validation of announcement information with a second or third source. The system ensures the golden copy is completely and accurately captured before it is fed into further systems. "The approach is to solve all discrepancies up-front before they impact downstream processes, meaning prior to entitlement calculation or client notifications, with minimal disruption on the existing processes," comments Olivier Trine, Product Manager Corporate Actions, AIM Software. The product offers a range of data vendor connections, including those to Bloomberg (News - Alert), SIX Financial Information, and Interactive Data feeds, and support for SWIFT messages received from counterparties such as custodians. The product includes plugins to asset management and private banking-specific systems such as SimCorp Dimension and Avaloq. Recently live at a global custodian, tests showed that 80% of the 100.000 messages it receives annually can be automated - in particular with the high volume mandatory events. "A pragmatic method is to combine people's knowledge with automation technology," continues Olivier. "The challenge was to empower end-users with greater flexibility in applying changes to the system. The new Release 5.8 extends the automation capabilities further, enabling corporate actions analysts to fine-tune the system based on their know-how on custodians." Josef Sommeregger, Managing Director and Chief Commercial Officer, AIM Software, comments: "Together with the accolades we received the last two years in the EDM and Pricing areas, this award is the recognition that AIM Software's Business Application approach is valued as a game changer in the EDM space." About AIM Software AIM Software is the fastest growing, award-winning provider of data management applications to the financial services industry. It serves over 100 investment managers, asset managers, private banks, custodian banks, asset servicing, insurance companies in 16 countries with a suite of best-in-class applications, GAIN.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160524006418/en/ |
