SimCorp, a provider of specialised software for the investment industry, and AIM Software, a provider of financial data management solutions, have entered into a global collaborative agreement. The agreement enables SimCorp to provide AIM Software’s GAIN Data Management software to its clients, in conjunction with SimCorp Dimension, SimCorp’s investment management solution.
GAIN Data Management provides consolidated, cleansed data in standardised formats, based on client-defined rules, for use by downstream systems. As a result of the agreement, SimCorp’s clients will be able to use GAIN Data Management to process securities prices, static and reference data and corporate actions notifications, with the resulting cleansed data being uploaded into SimCorp Dimension via a standardised interface. Consequently SimCorp’s clients can mitigate risks of costly errors and avoid waste of resources associated with use of inaccurate data.
“The investment management industry has become more risk-aware since the financial crisis and its increased interest in ensuring cleansed, quality-assured data is part of that,” said Marc Schröter, senior vice president and head of strategic research at SimCorp.
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