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

A-Team Insight Blogs

SimCorp and AIM Software Partner to Provide Cleansed Data

SimCorp, a provider of highly specialised software for the investment industry, and AIM Software, a provider of financial data management solutions, have entered into a global collaborative agreement. The agreement enables SimCorp to provide AIM Software’s GAIN Data Management software to its clients, in conjunction with SimCorp Dimension, SimCorp’s seamless investment management solution.

GAIN Data Management provides consolidated, cleansed data in standardised formats, based on client-defined rules, for use by downstream systems. As a result of the agreement, SimCorp’s clients will be able to use GAIN Data Management to process securities prices, static and reference data and corporate actions notifications, with the resulting cleansed data being uploaded into SimCorp Dimension via a standardised interface. Consequently SimCorp’s clients can mitigate risks of costly errors and avoid waste of resources associated with use of inaccurate data. They can also reduce cost and improve the accuracy of their data management processes through streamlined, automated workflows.

“The investment management industry has become more risk-aware since the financial crisis and its increased interest in ensuring cleansed, quality-assured data is part of that,” said Marc Schröter, senior vice president and head of strategic research at SimCorp. “We undertook a thorough analysis of the data management market before approaching AIM Software and have been highly impressed with the company’s product and expertise. Not only that but SimCorp Dimension and GAIN have a very good technological fit, we already have customers in common and AIM Software’s business model is actively based on industry partnerships. We expect this agreement to allow us to create a very attractive data management offering for our clients.”

“We are very pleased about this collaboration with SimCorp,” concludes Josef Sommeregger, head of marketing and sales at AIM Software. “It allows both parties to concentrate on their core competencies that complement each other in an ideal way.” Martin Buchberger, AIM Software’s head of product management adds: “We have no doubt that our combined expertise will help SimCorp’s clients to increase the overall quality of their data and they will also be able to access a wider range of data sources and tools that will allow them to add value to their businesses.”

Related content

WEBINAR

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

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 data with traditional financial information, although the compliance burden remains with asset managers. The EU Sustainable...

BLOG

HWM Group Acquires Koger Assets to Expand Fund Admin, Regulatory Offerings

HWM Group, a Dublin-based provider of investor services and regulatory solutions to alternative and retail fund administrators, has acquired the assets of Koger Inc., a global supplier of fund administration software. The acquisition strengthens HWM’s offerings in the fund administration and transfer agency technology space, allowing it to offer expanded fund administration and regulatory compliance...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...