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: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and is one of the most effective ways to steer clear of potential connections with sanctioned activity...

BLOG

The Great and the Good Gather for A-Team’s RegTech Virtual Event This Week

The global RegTech community gathers virtually this week for A-Team’s RegTech Summit Virtual, which kicks off on Wednesday. Over its two-day programme of must-attend sessions, the conference will offer an assessment of the global RegTech landscape, plus discussions ranging from the ongoing regulatory reporting challenge, the emerging conduct compliance requirement, addressing financial crime and other...

EVENT

ESG Regulation, Reporting & Data Management Summit (Redirected)

This summit 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

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...