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

Danske Bank Implements AIM Data Portal to Centralise and Optimise Reference Data

Subscribe to our newsletter

Danske Bank is implementing AIM Software’s GAIN Data Portal to centrally source, monitor and optimise the bank’s reference data and snapped prices from a leading data provider. Subject to requirements, the bank will broaden data coverage with additional vendors.

Danske Bank was looking for a solution that would help it stage and distribute its data across the banking group. The solution also needed to optimise the bank’s cost base, track usage across downstream systems and business users, and ensure compliance with vendor data contracts. GAIN Data Portal is being rolled out across Danske Bank Group as a centralised repository for raw vendor data. The application monitors and manages vendor data requests, both for bulk loads and defined universes, and the data is stored in a centralised hub, where it is made easily accessible to authorised users and systems. The application also facilitates faster onboarding of data to support new business cases and is helping the bank achieve significant cost savings by eliminating duplicate and wasteful requests.

Jacob Wahlers, group head of financial data at Danske Bank, says: “We are using GAIN Data Portal to efficiently source the data that we need and to ensure that we’re compliant with our vendor data contracts. It provides us with complete control over new data requests, as well as transparent usage tracking at a user, account, business unit, and organisational level. The application will also allow us to achieve significant cost savings through sourcing optimisation.

“In terms of speed to market, GAIN Data Portal certainly does the job. The application eliminates the hassle of unpacking, normalising and joining keys for huge volumes of data. The data we need is made readily accessible and can be queried in a lean and fast manner.”

Wahlers remarks that building a version of the application in-house would have taken a year or more to achieve. GAIN Data Portal was up and running in a matter of days.

Commenting on the implementation at Danske Bank and the wider market, Josef Sommeregger, managing director for Europe and chief commercial officer at AIM Software, adds: “Market data managers globally are under increasing pressure to provide access to a wider variety of financial information services, while at the same time reducing spend on these services. GAIN Data Portal addresses this pain point by providing the control and transparency that firms need to understand and optimise their vendor data costs and usage, while ensuring compliance with vendor data contracts.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for buy-side data management across structured and unstructured data

Data management is central to asset management, but it can also be a challenge as firms face increased volumes of data, data complexity and the need to consolidate structured and unstructured data to gain valuable insights, improve decision-making, step up customer acquisition and compliance, and ultimately, gain competitive advantage in a market characterised by tight...

BLOG

Bloomberg Debuts Real-Time Events Data Feed

Bloomberg has broken new ground with the release of its Real-time Events Data solution, which it says will help financial institutions make better decisions faster, based on the most accurate and timely information. The US financial data and technology behemoth has leveraged its real-time streaming API connectivity to provide subscribing clients with data from earnings...

EVENT

ESG Data & Tech Briefing London

The ESG Data & Tech Briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...