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

A-Team Insight Blogs

Danske Capital Implements AIM Software’s GAIN Applications

Danske Capital, the asset and fund management business of Danske Bank Group, is planning to implement AIM Software’s Gain enterprise data management applications to improve data quality in support of its ‘fit for purpose’ strategy.

The company was looking for a solution that would discover and resolve data issues resulting from fragmented and incomplete data before they had an impact on operational processes running on its SimCorp Dimension software. AIM was selected after a broad market search and the drawing up of a shortlist of three mainstream enterprise data management suppliers.

Danske Capital will initially implement the AIM security master business application and then move on to implement the price master and corporate actions applications. It also anticipates using the entity master application going forward. The implementation project is planned to be complete this year, but the company expects to continue adding processes and workflows to the platform on an ongoing basis.

Jacob Wahlers, head of market data and monitoring at Danske Capital, explains: “We chose Gain over its competitors because it was the only vendor to provide a combination of fully maintained business applications, with a complete integration with SimCorp Dimension. We wanted to improve the end-to-end efficiency of our daily operations and needed a solid platform that is able to quickly adapt to our constantly evolving data needs. AIM’s approach gives us the confidence to achieve these goals with substantial cost savings and drastically reduced risk.”

For Aim this is a significant win in the Nordics, where it is building business, and confirmation of the relevance of its partnership with SimCorp.

Related content

WEBINAR

Upcoming Webinar: Getting ready for Sustainable Finance Disclosure Regulation (SFDR) and ESG – what action should asset managers be taking now?

Date: 8 June 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Interest in Environmental, Social and Governance (ESG) investment has exploded in recent years, bringing with it regulation and a requirement for buy-side firms to develop ESG strategies and meet disclosure obligations. The sell-side can help here by integrating ESG...

BLOG

Refinitiv Adds Country SDG Scores to ESG Data Arsenal

Refinitiv’s launch of measures assessing the sustainable development performance of individual countries is the latest of a series of services targeted at the burgeoning ESG investing space. The addition allows Refinitiv to offer asset managers and servicers scores that indicate the degree to which funds, corporations and now countries meet the UNs Sustainable Development Goals...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast 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

Impact of Derivatives on Reference Data Management

They may be complex and burdened with a bad reputation at the moment, but derivatives are here to stay. Although Bank for International Settlements figures indicate that derivatives trading is down for the first time in 10 years, the asset class has been strongly defended by the banking and brokerage community over the last few...