Andbank implements GAIN Portfolio Pricing in 4 months to service Spanish fund managers
Martin Buchberger, CEO AIM Software.
Vienna – AIM Software, the leading independent provider of data management business applications for the financial services industry, today announced that Andorra’s fast growing private bank went live with GAIN Portfolio Pricing to respond to the increasing regulatory pressure on fund pricing while supporting the company’s ambitious growth transformation.
Following a comprehensive evaluation and selection process, AIM Software were chosen. «We selected AIM due to a combination of its track record within the Fund Administration and Private Banking industries, its knowledge of our business, and its Business Application approach to data management which allowed us a very fast initial implementation”, commented Gerard Estrada, Head of International Operations.
With one of the highest solvency ratios in the industry, the bank urgently needed to centralize and automate its pricing activities to both ensure data quality and respond to increasing regulatory demands. GAIN Portfolio Pricing is used to service its two primary business lines, Private Banking and Asset Management, whilst also offering a tailored-made pricing solution for its Fund Accounting service in Luxembourg. As a result, GAIN acts as a regulatory-compliant pricing service, improving both client service levels and operational efficiency. Furthermore, it supports Andbank’s growth strategy within 11 locations across Europe and Latin America.
Josef Sommeregger, Global Head of Business Development & Strategy at AIM Software, said: «Centralizing pricing operations is a challenge that requires the support of an enterprise data management (EDM) platform with enough flexibility to address the ever increasing pressure from regulations while addressing the business imperatives. We feel this is a further endorsement of AIM’s business application approach to data management, providing our clients measurable business outcomes within a shorter timeframe and with lower project risk than alternative approaches. The solution was configured and ready for client testing in less than three months”. (AIM Software/mc/ps)
About AIM Software
AIM Software is the leading independent provider of data management business applications to the financial services industry since 1999. With more than 110 references, and offices in Austria, Luxemburg, Switzerland, France and the UK, AIM offers low risk all-in-one software packages, based on its industry-proven data management platform GAIN. For further information, please visit www.aimsoftware.com.
About GAIN
GAIN is the new generation EDM platform for data management business applications. It combines the flexibility of a modern platform with fully maintained purpose-built business applications. The business applications include security master data, reference data, pricing hub, corporate actions and legal entities. Compared with traditional approaches to data management based on tools and frameworks, GAIN’s Business Application approach, ensures custom developments are kept to a minimum, projects are implemented faster and the overall cost of ownership over the life of a program is lower. In 2013, GAIN has won the ‹Best Enterprise Data Management for Portfolio Pricing & Valuations› award at the prestigious A-Team Group DMS Awards.
