AIM Software Establishes Subsidiary in the U.S.; Reference Data Management and Risk Management Solutions for U.S. Clients.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- AIM Software, a leading provider of reference data management and risk management solutions to the financial industry announced today that is has established a subsidiary in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This now enables the company to offer its reference data and risk management solutions directly to clients in the United States, which have so far been serviced out of the headquarters in Europe. This step also aims at better supporting the US subsidiaries of the more than 80 institutions which already use GAIN worldwide. AIM Software's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. GAIN operates as a centralized reference data management and risk management platform that cuts the costs and risk associated with back office processes. The software combines the advantages of a fully fledged Adj. 1. fully fledged - (of a bird) having reached full development with fully grown adult plumage; ready to fly full-fledged fledged, mature - (of birds) having developed feathers or plumage; often used in combination 2. reference data management solution, the GAIN DataDesktop, and a comprehensive risk management solution, GAIN Risk Management, offering links to high quality data from 15+ leading back-office and real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. feeds (e.g. Telekurs Financial, Bloomberg, Reuters, Interactive Data, SWIFT). GAIN combines automatic cleansing, scrubbing and reconciliation with manual exception handling for financial data. Martin Buchberger, Head of Marketing & Sales at AIM Software states: "GAIN manages the full lifecycle of data capture, cleansing, consolidation, enrichment and storage of reference, price and corporate actions data into a 'golden copy'." AIM Software's other product line, GAIN Risk Management, combines data feed connectivity, instrument pricing and risk management. AIM Software thereby provides institutions with a complete toolbox to conform to Verb 1. conform to - satisfy a condition or restriction; "Does this paper meet the requirements for the degree?" fit, meet coordinate - be co-ordinated; "These activities coordinate well" the Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations standards and regulatory requirements on market, credit and operational risk that also focuses strongly on data quality aspects. "The modular GAIN solution is designed for a fast integration and thereby assures a minimum level of project risk. This helps financial institutions to cut costs considerably," explains Buchberger. "We are looking forward to support companies in the United States directly, since we see a huge potential for GAIN which is more scalable in pricing than some other offerings in the market. The foundation of the subsidiary will leverage our activities in the US which we started about two and a half years ago," Buchberger adds. In addition to its resources in the U.S., AIM Software supports partnerships with data vendors, system integrators and technology providers, ensuring maintenance and the distribution of AIM Software's products. The New York based J2K J2K JPEG 2000 (graphics file format; file extension) Technology joined AIM Software's network lately and acts as value added reseller See VAR. (company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). and support partner. About AIM Founded in 1998, AIM Software specializes in creating innovative reference data 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 80+ clients. Office New York AIM Software 67 Wall Street, 22nd floor, suite 2211 New York, NY 10005 T: +1-212-859-3498 office@aim-sw.com |
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