AIM Software, a leading provider of Enterprise Data Management (EDM) solutions for financial and securities institutions worldwide, announced today that Compliance Science, a leading provider of governance, risk management and compliance solutions, has selected its GAIN EDM solution for operations at its head office in New York.
Compliance Science required a solution to reduce the efforts and to abstract the complexity of the proprietary data feeds required to feed its compliance solution.
AIM Software was selected after a thorough analysis of the alternatives, including in-house development and data management solutions. The key for the decision was the provider’s strong capability to provide a business data model abstracting the complexity of multiple proprietary data vendors. Compliance Science also appreciated the ability to address other business and regulatory needs in the form of workflows, validation controls, and full end-to-end traceability with the solution.
George McKevitt PhD, Chief Technology Officer at Compliance Science, said: The solution can evolve with us, as our data needs constantly evolve to respond to regulatory and client requests, enabling a higher level of confidence, and allowing us to focus on our core business.”
Josef Sommeregger, Chief Commercial Officer at AIM Software, said: “We are very proud to welcome a leader in compliance solutions such as Compliance Science within our growing community of users in North America. With GAIN, Compliance Science will benefit from a complete product driven by an active community of users and specialists. We look forward to working together to contribute to the improvement of our product.”
The next generation of data management practice needs ready-to-use business user applications that require less IT intervention. GAIN is a workflow-oriented application that overarches existing architectures and allows data management to be solved in a proven, timely fashion allowing for growth and adaptation in a complex investment management environment.
Driven by an active community of users and staff specialists, the product stays in front of emerging requirements and provides comprehensive solutions, tools and guidance.
Industry accolades and awards include:
• "Best EDM Platform for Portfolio Pricing" Award 2014 & 2013 at the A-Team Group DMS Awards
• "Best-in-Class" Data Management System by CEB TowerGroup (2014 “Data Management Systems” report) in two categories: Business Process Improvement, Product Scope
• Listed by Chartis RiskTech100® as one of the 100 most significant companies in the risk technology sector in 2012, 2013 and 2014.