AIM Software, a leading provider of risk management and data management solutions to the financial industry, announces today that Investkredit Bank AG, an international bank that specializes in corporate companies, has selected AIM Softwareâs risk management solution to manage its credit risk calculations. The system was put into process in February 2005.
The AIM Software solution was evaluated in a proof-of-concept testing and was delivered in a turnkey implementation, including the calculation of the economic capital and credit risk.
"AIM Softwareâs technology helped us to improve our risk management significantly," said Wolfgang Wainig, Executive Director and Head of Portfolio & Risk Management at Investkredit. "The combination of AIMâs standardized solution together with its flexibility allows us to apply rapid adjustments aligned with current and future demands of Basel II."
Manual processes in risk management are increasingly being automated, thereby, any potential sources of error during data import and data processing can be minimized with the integrated data and risk management solution of AIM Software. Extensive quality checks of the imported market data and portfolio data account for a substantial improvement of the calculated results.
"In this project we focused on Investkreditâs need for a complete automation of all business processes and an integrated, consistent quality control in the import and the processing of the data," said Martin Buchberger, Head of Marketing & Sales at AIM Software. "We are delighted to welcome Investkredit as our latest customer of our risk management platform."
GAIN Risk Management is integrated along with the data management platform GAIN DataDesktop and can therefore guarantee a high quality of the imported data for the calculation of risk indicators. The modular GAIN platform combines automatic data cleansing and scrubbing with exception handling for reference data, prices and corporate actions in order to yield more reliable risk management calculations.