The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

AIM Software and Italian Partner Implement GAIN at Arner Bank

Lugano, Switzerland-based Arner Bank is implementing AIM Software’s data management environment GAIN for the integration of price, static and corporate actions data provided by Bloomberg and Telekurs Financial. The project is slated for completion in September, with go-live planned for October. Arner Bank is implementing GAIN in conjunction with Galileo – the Security Master File, a golden copy environment based on GAIN, created by its Italian partner Sintea to meet the specific business and compliance requirements of financial institutions in Ticino, the Italian-speaking Swiss canton.

Josef Sommeregger, head of business development at AIM Software, says this deal is significant for AIM in that, though the vendor claims market leadership in the Swiss market as a whole, “Arner is the first Ticino-based financial institution using our platform as a complete security master file for pricing and static data as well as corporate actions. Arner chose our software after a thorough selection process involving several workshops and client specific demonstrations.”

One of the reasons for the bank’s selection of AIM is, Sommeregger believes, that the vendor could facilitate a rapid implementation. “It will be one of the fastest implementations we have ever done,” he says. “It is significant – for Telekurs and Bloomberg data, covering prices, static data and corporate actions, and involving the bank’s individual business rules. The tight implementation time at Arner is the result of years of productisation efforts in all our projects which have yielded a solution that, building on administration facilities and libraries of rules and functions, can be easily parameterised according to customer needs,” he reckons. “For the first time with Arner Bank we are providing a solution that is almost turnkey. By leveraging a set of predefined business workflows and a library of business rules we will be able to significantly curtail implementation time.”

Owing to the modularity of the implemented solution, Arner Bank could add further data feeds into its solution in future if it wanted to, or substitute one of its current providers with an alternative data source, says Sommeregger. 

Adds Flavio Mascolo, director at Arner Bank: “With the two main data sources Bloomberg and Telekurs, it was becoming necessary for us to implement solid data centralisation strategies and straight-through processes. The solution met our criteria and stood out among the competition for its maturity and of its breadth of functionalities.”

AIM’s relationship with Sintea is of around three years’ standing, Sommeregger says. “It is one of our most successful partnerships. Sintea is an Italian provider of a wide range of solutions for the Italian investment management industry (it has some 80 clients of its own). Owing to Sintea’s market knowledge we were able to address the Italian market with a very targeted offering which accounts for the specific regulatory environment in Italy. We have hence been able to win seven joint clients in Italy during the past two years. With Arner we have now extended our cooperation beyond the borders of the Italian market.” He reports that detailed discussions are also currently under way with three other banks in Lugano.

Related content

WEBINAR

Recorded Webinar: Digital Investor Onboarding and Transformation for Asset Servicers and their partners

Transfer agents, fund administrators & custodians are endeavouring to deliver a better Investor Experience (IX) for their clients, seeking to differentiate their offerings and to truly deliver value adding services across the entire investor lifecycle. The race is on to stand out & better differentiate their firms, to showcase their technological onboarding & management prowess,...

BLOG

Xenomorph Moves from Product to Solution Sales, Drops TimeScape Brand But Not Technology

Xenomorph has regrouped and is chasing growth following the appointment of Neil Sheppard to lead the EMEA and APAC business, a reset to solution rather than product sales, and restructured funding. The company has been pretty low-profile in the market over the past few years, particularly since Brian Sentance stepped down from the role of...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...