AIM and B-Source enter into partnership on the delivery of cleansed reference data to Avaloq

Released on: September 24, 2008, 6:06 am

Press Release Author: AIM Software

Industry: Software

Press Release Summary:
ZURICH, LUGANO, VIENNA, September 24, 2008 - AIM Software, a global provider of
reference data management solutions to the financial industry, and B-Source, a
leading service provider of Business Process Outsourcing (BPO) and IT Operations
Outsourcing (ITO) services to banks, today announced that they have entered into a
partnership to provide clients of B-Source with a central reference data management
platform based on AIM Software’s GAIN GoldenCopy.

Press Release Body: B-Source provides BPO services to banks and wealth management
institutions. In the near future, these services are to be offered on the basis of
the Avaloq banking system, a project which is currently being implemented at
B-Source. The different requirements resulting from diverging data needs of Avaloq
clients made it necessary for B-Source to integrate a centralized reference data
management repository for all B-Source clients. Carmine Cammarota, Business
Architect at B-Source, explains the rationale behind the partnership between
B-Source and AIM Software: “We required a future-proof data management solution with
a proven track record in the Avaloq community. AIM Software's certified Avaloq
adapter as well as the extensive GoldenCopy functionalities were decisive for us to
select them as our supplier in this area.”

Serving as the technological basis for the provision of reference data related
services, GAIN GoldenCopy will be part of B-Sources’ standard offering for financial
institutions. The new services will be used to feed up to 15 client in-stances with
high quality reference data from sources such as Telekurs, Bloomberg and Reuters.
Relying on the certified Avaloq|GAIN adapter, AIM Software’s flexible GoldenCopy
solution will cover the requirements arising from B-Sources’ current and future
customer base.

Currently the first clients at B-Source are being migrated to the GAIN reference
data platform with an internal pro-duction start by end-September. In further
project phases more and more processes will be migrated to the multi-entity
GoldenCopy installed at the B-Source headquarters in Lugano. Josef Sommeregger, Head
of Business Development at AIM Software explains: “We are proud that our GAIN
GoldenCopy will be used for the delivery of refer-ence data services at one of the
major BPO providers in Switzerland. Our strong local customer base in Ticino will
serve as a basis for a close cooperation with B-Source allowing both partners to
focus on their core competencies.”

As a result of the partnership, bank and wealth management institutions will be able
to benefit directly from AIM Software’s established GAIN Data Management platform
with more than 110 references. Drawing upon GAIN’s connectivity with more than 15
data feeds, B-Source will be able to provide added-value services in accordance with
its clients’ needs. Customers can profit from an approved reference data management
solution delivering them high-quality data to their Avaloq screen. By reducing
time-consuming and error-prone manual data collection, clients will be able to cut
down on costs and increase overall operational efficiency.

Martin Buchberger, Head of Marketing and Sales at AIM Software states: “AIM Software
already services many of the leading Avaloq banks, which also contributed to the
roadmap of the interface. Thereby the Avaloq|GAIN adapter guarantees an intensively
tested and constantly maintained solution for data management aligned with the
further evolution of Avaloq. The clearly defined responsibilities of each party will
reduce implementation costs and risks for joint clients of B-Source and AIM
Software.”




About AIM Software
Established in 1999, AIM Software (www.aimsoftware.com) is one of the leading
providers of reference data management 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. 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 software
platform GAIN.
For further information, please visit http://www.aimsoftware.com.


About B-Source
B-Source is one of the leading Swiss Business Process and IT Operations service
provider (BPO and ITO) for banks in private ban-king and wealth management. The
company provides BPO and ITO services to clients in Switzerland and selected
countries, in compliance with the legal requirements of the Swiss and European
financial regulatory authorities. All services are ISO 9001 and ISO/IEC 27001:2005
certified and the company is also SAS 70 Level II audit report compliant. Today
B-Source is located in Luga-no, Zurich, Nyon and St. Gallen and has data centers in
Lugano and Zurich. The current number of employees is about 550 of which 50% are
bankers.
For further information please visit: www.b-source.ch


Contacts:

AIM Software

Cornelia Brunner
PR & Communications
Tel: +41 (44) 586 46 52
e-mail: pr@aimsoftware.com
http://www.aimsoftware.com


B-Source SA

Ms Chiara Ciceri
Marketing & Communications Manager
Tel: +41 58 806 56 91
e-mail: chiara.ciceri@b-source.ch
http://www.b-source.ch


Web Site: http://www.aimsoftware.com

Contact Details: Gonzagagasse 14
1010 Vienna
pr@aimsoftware.com
+43 1 512 46 52

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