GAIN Selected by Arner Bank for Multi Data Feed Processing

Released on = July 25, 2007, 1:48 am

Press Release Author = Gerlinde Pachinger/AIM Software

Industry = Software

Press Release Summary = Financial data management platform GAIN from AIM Software to
integrate Bloomberg and Telekurs financial data

Press Release Body = VIENNA (Austria) and LUGANO (Switzerland), 25th of July 2007 -
AIM Software, a leading provider of reference data management solutions to the
financial industry, and Sintea S.r.l. a major provider of front office platform in
Italy and Ticino, announced today that Arner Bank has selected AIM Software's data
management environment GAIN for the integration of price, static and corporate
actions data provided by Bloomberg and Telekurs Financial. Arner Bank has
implemented GAIN in conjunction with Galileo - the Security Master File, a flexible
golden copy environment based on GAIN which was created by Sintea to meet the
specific business and compliance requirements of financial institutions in Ticino.

Arner Bank, located in Lugano (Switzerland), is active in international capital
management, asset allocation and investment consulting and required a solution which
would allow integrating prices, basic data and corporate actions delivered by
Telekurs and Bloomberg into its back office environment. The goal was to reduce
manual interventions and, hence, potential human errors by introducing a workflow
driven and rule based data selection process, improving the efficiency of Arner
Bank's internal data management processes. Together with its partner Sintea Servizi
Informatici S.r.l., AIM Software used its modular GAIN software platform to act as a
data hub for Bloomberg DataLicense and Telekurs VDF.

The selection of the solution followed a comparative analysis of competing data
management solutions. Arner Bank chose the solution for its flexibility and cost
efficiency, its ability to process various types of data from 15 different data
feeds and its easy and quick adaptability to customers' requirements.

"With the two main data sources Bloomberg and Telekurs, it was becoming necessary
for us to implement solid data centralization strategies and straight-through
processes," said Flavio Mascolo, Director at Arner Bank. "The solution met our
criteria and stood out among the competition for its maturity and of its breadth of
functionalities. The automatic data processing will help us to achieve a
considerable reduction of total costs and processing effort."

"AIM Software is pleased to offer Arner a platform that helps them to efficiently
meet their daily needs in reference data management," said Josef Sommeregger, Head
of Business Development at AIM Software. "With industry support for our integrated
GAIN platform, more and more companies are recognizing the power of a solution that
solves today's business challenges, while positioning them on a technology platform
for the future. We are proud to welcome Arner to our large customer community in
Switzerland."

About AIM Software
Established in 1998, AIM Software is one of the leading providers of reference data
management and risk management solutions for financial markets, with offices in
Austria, Switzerland, the US, Hong Kong and Japan. AIM Software is active in the
major financial centres based on its service and support partner network and
supports more than 100 references in 15 countries. Supported by the company\'s
expertise in the areas of reference data management, risk management and financial
instrument pricing, the creation of future proof software solutions is the
cornerstone of AIM Software\'s business mission. For further information, please
visit http://www.aimsoftware.com.

About Arner Bank
Arner is a private financial group specializing in private banking, corporate
finance, private equity, and international corporate planning. The company offers a
full range of integrated services to individuals, families, private companies and
institutions. Arner is focused on ensuring a consulting service tailored to the
client\'s needs and of the highest quality. For further information, please visit
http://www.arnerbank.ch.

About Sintea Servizi Informatici S.r.l.
Sintea was established in 1991 in Turin, Italy, with the aim to project and develop
a complete range of software solutions specialized for the investment management
industry. Sintea started its activities as a provider of project and system
integration services. Soon it expanded its service range by offering front-office
software solutions (certified ISO 9001 in 1998). Sintea then quickly set itself
forth to creating a new business line that is now entirely dedicated to developing
web solutions and Multimedia Web Communication solutions.For further information,
please visit http://www.sintea.com.

For further information, please contact:
Gerlinde Pachinger
PR & Communications
Tel: +43 1 5124652
pr@aimsoftware.com
http://www.aimsoftware.com


Web Site = http://www.aimsoftware.com

Contact Details = Tel: +43 1 5124652
pr@aimsoftware.com
http://www.aimsoftware.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •