GAIN Selected by Arner Bank for Multi Data Feed Processing

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Released on: 25, July 2007
, Author: Gerlinde Pachinger/AIM Software
, Audience: Software related

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VIENNA (Austria) and LUGANO (Switzerland), 25th of July 2007 AIM Software, a leading provider of reference data management solutions to thefinancial industry, and Sintea S.r.l. a major provider of front office platform inItaly and Ticino, announced today that Arner Bank has selected AIM Software s datamanagement environment GAIN for the integration of price, static and corporateactions data provided by Bloomberg and Telekurs Financial. Arner Bank hasimplemented GAIN in conjunction with Galileo the Security Master File, a flexiblegolden copy environment based on GAIN which was created by Sintea to meet thespecific business and compliance requirements of financial institutions in Ticino.

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

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

With the two main data sources Bloomberg and Telekurs, it was becoming necessaryfor us to implement solid data centralization strategies and straight-throughprocesses, said Flavio Mascolo, Director at Arner Bank. The solution met ourcriteria and stood out among the competition for its maturity and of its breadth offunctionalities. The automatic data processing will help us to achieve aconsiderable reduction of total costs and processing effort.

AIM Software is pleased to offer Arner a platform that helps them to efficientlymeet their daily needs in reference data management, said Josef Sommeregger, Headof Business Development at AIM Software. With industry support for our integratedGAIN platform, more and more companies are recognizing the power of a solution thatsolves today s business challenges, while positioning them on a technology platformfor the future. We are proud to welcome Arner to our large customer community inSwitzerland.

About AIM SoftwareEstablished in 1998, AIM Software is one of the leading providers of reference datamanagement and risk management solutions for financial markets, with offices inAustria, Switzerland, the US, Hong Kong and Japan. AIM Software is active in themajor financial centres based on its service and support partner network andsupports more than 100 references in 15 countries. Supported by the company'sexpertise in the areas of reference data management, risk management and financialinstrument pricing, the creation of future proof software solutions is thecornerstone of AIM Software's business mission. For further information, pleasevisit http://www.aimsoftware.com.

A bout Arner BankArner is a private financial group specializing in private banking, corporatefinance, private equity, and international corporate planning. The company offers afull range of integrated services to individuals, families, private companies andinstitutions. Arner is focused on ensuring a consulting service tailored to theclient's needs and of the highest quality. For further information, please visithttp://www.arnerbank.ch.

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

For further information, please contact:Gerlinde PachingerPR & CommunicationsTel: +43 1 5124652pr@aimsoftware.comhtt p://www.aimsoftware.com


Source: Express-Press-Release.com
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