PRESS RELEASE | AIM Software wins Inside Reference Data Award for “Best Corporate Actions Data Initiative”

    VIENNA, Austria, May 24th, 2016 – 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.

    "This award is the recognition that AIM Software’s Business Application approach is valued as a game changer in the EDM space."

    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.

    “We believe that modern data management systems that remain aligned with latest standards contribute to the improvement of the quality of corporate actions data,” comments Olivier Trine, Product Manager Corporate Actions solutions from AIM Software. “The approach is to solve all discrepancies up front before they impact downstream processes, meaning prior to entitlement calculation or even client notifications, with minimal disruption on the existing processes – a ‘data quality firewall’,” he continues.

    The product offers a range of data vendor connections, including those to Bloomberg, SIX Financial Information, and Interactive Data feeds, and support for SWIFT messages received from counterparties such as custodians. Recently live at a global custodian, tests show 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 Trine. “The challenge was to design a system empowering business end-users with greater autonomy and flexibility in applying changes to the system.”

    The new Release 5.8 extends the automation capabilities of the system further, enabling corporate actions analysts to fine-tune the system based on their know-how on custodians – such as the redefinition of data sources quality weightings, narrative filter, alert conditions, publication timelines and corporate actions matching details. The product includes plugins to asset management and private banking-specific systems such as SimCorp Dimension and Avaloq.

    Josef Sommeregger, Managing Director and Chief Commercial Officer at 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.”

    The event has been hosted by Inside Market Data and Inside Reference Data, these awards recognize industry excellence within market data, reference data and enterprise data management. For more information please visit: http://events.insidemarketdata.com/awards/static/award-categories

    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. For further information, visit www.aimsoftware.com.

     

    PRESS RELEASE ENDS

    Media contacts

    Helene Puntajer
    AIM Software
    Marketing Communications
    Tel: +43 1 512 46 52
    Email: pr@aimsoftware.com

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