Danish private bank Sydbank (Schweiz) AG has selected AIM Software's data management solution GAIN DataDesktop for the integration of price, static and corporate actions data provided by Telekurs. This enables Sydbank to fulfil the requirements of the EU Savings Tax Directive, taking effect on July 1, 2005.
"We will be able to completely automate the integration of VDF data into our APSYS banking application which will support us in improving our data quality and in reducing manual processes to a minimum level", says Thomas König, CFO at Sydbank (Schweiz) AG.
"For Sydbank it was vitally important to have a reliable partner with comprehensive know-how and a large client base in order to fulfil the EU's Savings Directive in such a short period."
GAIN DataDesktop - the data management middleware of AIM Software - is designed for the processing of EU taxation data and 15+ back-office data feeds, such as those from Telekurs, Reuters and Bloomberg.
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About AIM Software
Founded in 1998, AIM Software specializes in creating innovative data management and risk management software solutions for financial markets. Based on its worldwide distribution and service partner network, AIM Software provides internationally recognized modular software solutions. With offices in Austria, New York, Switzerland and Hong Kong, AIM operates globally in the major financial centres with 70+ clients.
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