AIM Software, a leading provider of reference data management and risk management software for the financial industry, and Swiss banking platform provider Avaloq announced a long-term cooperation to provide an integrated solution for reference data management.
Avaloq and AIM Software partnered in order to offer an optimized solution package to fulfil the needs of their clients in data management. Avaloq supports multi-data feed integration in their core banking system by using GAIN DataDesktop, the flagship data management solution of AIM Software.
AIM Software can now provide the added value of GAIN DataDesktop to Avaloq clients, such as opening new instruments, and the import of static data and corporate actions with Avaloq optionally managing the resulting security master file. Andres Fischer, Alliance Manager at Avaloq, says: "The decision to partner with AIM was a result of analyzing the features of this solution and the potential synergies of our liaison."
Buchberger adds: "We see this strategic alliance as a symbol for a new era, where solution providers will combine their know-how and expertise for extending the reach of their products and services while focusing on their core competencies."
Click here for the press release
About AIM Software
Founded in 1998, AIM Software specializes in data and risk management solutions for financial institutions and conducts global industry researches. With offices in Austria, New York, Switzerland and Hong Kong, AIM operates globally in the major financial centres with 70+ clients. AIM Software is a global leader in back office data management.
About Avaloq Group AG
Avaloq develops and markets the Avaloq Banking System, an integrated standard software package for financial service providers which can also be used as a modular solution.
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