/24-7PressRelease.com/ - Vienna, Austria, April 27, 2005 - AIM Software, a global provider of reference data management and risk management software for the financial industry, and COMIT, a leading service provider in the IT and finance industry, announce their partnership. The goal of the co-operation is a tight integration of AIM Software's STP platform for Telekurs Valor data management, GAIN, with the Swiss core banking system Avaloq.
Along with the long-term co-operation, COMIT will take over the integration and parametrisation of the GAIN-Avaloq standard interface developed by AIM Software. This partnership fulfils the customers' needs for the implementation of Avaloq and the integration of peripheral systems from one source.
"Through the partnership with COMIT, AIM can focus on software development as the core competence and can rely on the know-how of COMIT in the integration of GAIN with Avaloq", says Martin Buchberger, Head of Marketing at AIM Software.
Marcel Ottiger, Senior Manager at COMIT, adds, "Through the close collaboration of these strong partners the expertise in preliminary and downstream business areas will be merged. COMIT's decision to co-operate with AIM Software aims to provide a premium service quality to the clients".
Nowadays, a modern back-office environment of a bank requires a Straight-Through-Processing financial data platform, which is able to export the data in various formats, open instruments, support automatic mutation of data, and handle easily the processing of complex corporate action reports (SecEvents).
Christian Bieri, Head Alliance Management at Avaloq, states, "The synergies of the core competences of Avaloq, COMIT and AIM Software guarantee a powerful combination by generating and maintaining a complete STP interface for Telekurs Valor data to Avaloq". Only if it can be guaranteed that changes in the data feed, the interface to the banking application and the parametrization on the client side are kept synchronous, an integration can be reliable in the long run.
About AIM Software
Founded in 1998, AIM Software (http://www.aim-sw.com) 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. AIM Software is a global leader in back office data management solutions.
Contact
Gerlinde Pachinger
AIM Software Communications
T: +43.1.5124652-228
pr@aim-sw.com
http://www.aim-sw.com
About COMIT AG
COMIT (http://www.comit.ch) is an independent group of financial companies with headquarters located in Switzerland and offices in Basel, Dublin, Frankfurt, Geneva, London, Munich, Vienna und Zurich. COMIT employs around 230 information- and business-specialists and is an active bridge builder between the IT- and the financial industry. COMIT offers strategic advice as well as the development and implementation of IT products and individual solutions for banks and insurances.
Contact
Marcel Ottiger
Senior Manager COMIT
T: +41.44.2989200
Marcel.Ottiger@comit.ch
http://www.comit.ch
Founded in 1998, AIM Software (www.aim-sw.com) specializes in data and risk management solutions for financial institutions. With offices in Austria, New York, Switzerland and Hong Kong, AIM Software operates globally, servicing 70+ clients in the major financial centers, making it a global leader in reference data management.
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