About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Andbank Selects AIM’s Gain Portfolio Pricing Data Management Application

Subscribe to our newsletter

AIM Software’s business approach to data management has been endorsed by Andbank, a private bank based in Andorra that has gone live with the company’s Gain Portfolio Pricing data management application.

The AIM solution was chosen following a comprehensive evaluation and selection process and is being used to service the bank’s primary private banking and asset management business lines. The software also forms the base of a tailor made pricing solution for Andbank’s fund accounting service in Luxembourg and is expected to support the bank’s growth strategy that covers 11 locations across Europe and Latin America.

Gerard Estrada, head of international operations at Andbank, says: “We selected AIM due to a combination of its track record within the fund administration and private banking industries, its knowledge of our business and its business application approach to data management, which allowed us a very fast initial implementation.”

Josef Sommeregger, global head of business development and strategy at AIM, expands on this, explaining: “Centralising pricing operations is a challenge that requires the support of an enterprise data management platform with enough flexibility to address the ever increasing pressure from regulations, while addressing business imperatives. We feel this is a further endorsement of AIM’s business application approach to data management, providing clients with measurable business outcomes in a shorter timeframe and with lower project risk than alternative approaches. The solution was configured and ready for client testing at Andbank in less than three months.”

AIM’s implementation of a Gain data management solution at Andbank follows two recent contract wins in the US that were influenced by the company’s business approach to data management, which includes fixed price, packaged applications covering market data, reference data and corporate actions data.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Bigger is Better, Says Gresham CEO After Acquisition of S&P Global’s EDM Business

Gresham has finalised its acquisition of S&P Global’s EDM business as the data automation company expands to meet the growing and increasingly complex data needs of modern financial institutions. EDM, which supports more than US$12 trillion in assets, will sit alongside Gresham’s existing enterprise data management business, which was created with its merger with Alveo...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

MiFID II Handbook – Second Edition

With the compliance deadline for Markets in Financial Instruments Directive II (MiFID II) just over two months away, A-Team Group has updated its MiFID II handbook to bring you the latest details on the regulation’s compliance requirements. Version 2 of the handbook, commissioned by Thomson Reuters, also includes new sections covering data sourcing and data...