JAKARTA, Indonesia - AIM Software, a leading provider of risk management and reference data management software to the financial industry, and APB Group today announced a strategic alliance to place AIM Software's GAIN platform on the Indonesian financial services market. The official contract signing will take place in Jakarta on June 16, 2005 during a joint executive event on risk management.
APB Group will offer AIM Software's financial analysis platform GAIN Risk Management, which is fully compliant with Basel II and existing Islamic risk management standards and which comprises the leading-edge data management platform GAIN DataDesktop. The risk management solution emphasizes a synergetic risk management approach by combining data feed connectivity,
pre- and post-processing, instrument pricing and risk management.
"It is imperative under current uncertainty to manage a company's risk management through a comprehensive yet simple and user-friendly IT-based risk management solution," states Arifin Haris, Senior Partner at APB Group.
"By partnering with AIM, we are able to share knowledge and resources."
"Our risk and data management software solutions can now be delivered as valuable business applications for the financial institutions in Indonesia,"
says Martin Buchberger, Head of Marketing & Sales at AIM Software. "The direct and local services for our clients and the advantage of combining the expertise and skills of both companies will therefore help banks to fully cope with the requirements of modern risk management - whether it is market risk, credit risk or operational risk."
AIM Software's engagement in the growing Indonesian financial market is another step forward in its global strategy.