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.