New York, NY (1888PressRelease)
November 07, 2008 - AIM Software, a leading provider of reference data management solutions to the financial industry, and Sintea S.r.l. a major provider of front and back office platforms in Italy and Ticino, announced today that Cornčr Banca has selected AIM Software’s data management solution GAIN in combination with Sintea’s Security Master File Galileo for the integration of price, static and corporate actions data provided by SIX Telekurs as well as Bloomberg.
Cornčr Banca (www.cornerbanca.com), one of the leading private and independent Swiss banks located in Lugano, focuses on private banking, lending and credit card management. Owing to a rising complexity in internal data management processes, Cornčr Banca decided to take in a solution which allows for an enhanced integration of prices, basic data and corporate actions into its back office environment. Together with its partner Sintea Servizi Informatici (www.sintea.com), AIM Software (www.aimsoftware.com) is currently implementing a comprehensive security mas-ter file solution at Cornčr which will act as a data hub for Telekurs VDF as well as Bloomberg data.
The selection of the system followed a comparative analysis of competing data management suites. Cornčr Banca decided to go for GAIN|Galileo for its cost efficiency and connectivity to 15 different data feeds and as well as its easy and quick adaptability to customers’ requirements.
“With the two main data sources Telekurs and Bloomberg, it was becoming necessary for us to adopt a data centralization strategy,” said Giuseppe Zambetti, Vice President of Organisation and IT at Cornčr Banca. “The solution acquired from Sintea and AIM Software meets our needs. The automatic data processing will help us to improve our level of STP which considerably reduces our total costs and processing effort.”
The central data platform aims at a reduction of error-prone and time-consuming manual interventions by introducing a workflow driven and rule based data selection process which improves the efficiency of Cornčr Banca’s internal data management processes.
The implementation of the GAIN Data Management solution was effectively started in September and is set to go live at the beginning of 2009. The mature level of the parameterization proposal rolled out with the initial installation of the product guarantees a fast deployment at Cornčr Banca. “By building on pre-built business rules and processes already adapted to the specific needs of the local market, we were able to substantially reduce implementation time and effort with obvious advantages both for the client as well as the provider”, explains Josef Sommereg-ger, Vice President Business Development at AIM Software.
“We are pleased to welcome Cornčr Banca in the extensive GAIN user pool in Switzerland,” continues Martin Buchberger, Head of Marketing and Sales at AIM Software. “Based on its scalability, GAIN bridges the gap for our clients between a solution that solves their business challenges today, while providing them with an extensible application platform for the future.”
About AIM Software
Established in 1999, AIM Software (www.aimsoftware.com) is one of the leading providers of data management and risk man-agement solutions for financial markets, with offices in Switzerland, Austria, the USA, Hong Kong and Japan. Based on the worldwide service and support partner network, AIM Software provides internationally established software solutions and services with more than 110 references in 17 countries in Europe, the United States and Asia. Supported by the large client base, AIM can offer low risk and low cost all-in-one software packages, based on its industry proven data management and risk management software platform GAIN.
Contact:
AIM Software
Cornelia Brunner
PR & Communication
Tel: +41 (44) 586 46 52
e-mail: pr ( @ ) aimsoftware dot com
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 spe-cialized for the investment management industry. Sintea started its activities as a provider of project and system integration services. It soon 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.
Contact:
Stefano Lanzetti
IT-Development
e-mail: lanzetti ( @ ) sintea dot com
About Cornčr Banca
Cornčr Banca (www.cornerbanca.com) is a private, independent Swiss bank, established in Lugano in 1952. The bank provides a full range of traditional banking services. Their core activities lie in private banking, lending and credit cards.
Contact:
Giuseppe Zambetti
Vice President of Organisation and IT
e-mail: giuseppe.zambetti ( @ ) corner dot ch
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