Vienna, Austria, December 19, 2013 --(PR.com
)-- In the aftermath of dramatic changes in the world of finance combined with the unstable developments in the global economy, financial institutions all around the globe are carefully evaluating their strategies in data management. Data integrity, cost savings and regulatory requirements remain on the top of the agenda.
Against this challenging background, AIM Software (www.aimsoftware.com) has now launched the 9th edition of the AIM Global Reference Data Management Survey in cooperation with SIX Financial Information. “Based on the positive feedback we received from the market in the last years we decided to conduct the AIM Global Reference Data Management Survey for the 9th time in 2013,” explains Martin Buchberger, Head of Marketing and Sales at AIM Software. “New conditions and the effects of the financial crisis dramatically changed the financial institutions’ approach to data and risk management. The survey provides a deep insight into the driving factors in this changing environment and shows how financial institutions cope with the challenges.”
“Comprehensive understanding of data management challenges is the fuel which enables us to realize services to overcome these challenges, especially in the risk and compliance area. From launching workshops to participating in working groups, and supporting surveys such as this one, we aim to continuously innovate our products and infrastructure to fulfill clients’ needs,” says Dirk Sebald, Head Product Management and Marketing at SIX Financial Information.
The 2013 edition of the AIM Global Reference Data Management Survey investigates this year’s developments and distinguishes real trends from market hype. The results from previous years have proved that this study spots most of the developments before they became critical, thus giving financial institutions the chance to see where they stand in their own efforts.
“As a result of the combined efforts to anticipate and keep-up with industry developments that drive our product enhancements, we are seeing a lot of interest from clients in our service offering and most recently, have been recognized as the ‘Best Solution’ for one of the most complex regulatory drivers, namely FATCA,” concludes Sebald.
Data and risk managers are invited to participate by completing a 5 minute online questionnaire at: http://www.dmstudy.info/dmstudy2013. Participants benefit from a free, comprehensive benchmarking to the rest of the market with country-specific drill-downs and charts.
Selected findings of the last year’s AIM Global Reference Data and Risk Management Survey include:
- In 77% of the questioned firms reduction of costs drives investments in reference data management
- 44% want to invest in the automation of static data
- 53% of all survey participants criticize the high costs of data feeds 39% plan to set up a proprietary solution for the management of reference data
- 27% of all questioned companies are currently working on extending their existing reference data management system
The final results of the AIM Global Reference Data Management Survey 2013 will be available by May 2014.
About AIM Software
AIM Software, with offices in Switzerland, Luxemburg, Austria, France and the UK, is one of the leading providers of data management applications for the financial community managing and servicing assets since 1999. Solutions include software for reference data management, portfolio pricing and corporate actions announcement capture. With more than 110 references, AIM operates globally and offers low risk all-in-one software packages, based on its industry-proven data management platform GAIN. For further information, please visit www.aimsoftware.com.
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About SIX Financial Information
SIX Financial Information is a leading global provider of data services and solutions for financial and insurance firms, corporations and the media. Aggregated in real-time from over 1,500 worldwide sources, SIX’s financial information is comprised of corporate actions, pricing, reference and market data for over 12 million instruments and is unique in terms of information depth, breadth and structure. With offices in 23 countries, SIX combines the advantages of local expertise with global reach to offer comprehensive data services for investment advisory, portfolio management, financial analysis and securities administration professionals.
Financial Information is one of four business areas of SIX which offers global premium services in securities trading, clearing and settlement, payment transactions, and financial information.
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