Unigestion Chooses AIM Software for EDM Needs

Firms are making it clear that they prefer targeted business applications, rather than tools-based custom development, when it comes to enterprise data management, says Vienna-based Josef Sommeregger, global head of sales at AIM Software.
He was speaking to Inside Reference Data as AIM announced that Geneva-based asset manager Unigestion has chosen its solution, GAIN, to meet data needs across the front, middle and back office.
"We have been in the market for more than 15 years, and what we did at the beginning was very similar to what a first-generation service provider was doing at that time," says Sommeregger. "But we took a decision four years ago to move away from that approach because we—and our clients—saw it as too heavy and inflexible. We moved into a new approach to enterprise data management that we call business applications."
GAIN differs from more traditional products on the market because it includes purpose-built applications, handling static reference data, pricing, corporate actions and entity data, says Sommeregger.
"Clients more and more want to have something out of the box, at least for a big portion of their business use cases. If you want to do that, you need to put data management into a business context," he says. "Our business application is a packaged set of business functions, including end-user UIs and the possibility for business to configure the application as the business grows and changes without having to go back to IT."
Unigestion ran a proof of concept, ultimately choosing GAIN over Markit's EDM offering. Alanh-Hubert Husson, chief project officer at Unigestion, commented: "We have chosen GAIN over its competitors because of its unique strategy to deliver targeted business applications rather than tool-based custom development. in addition, AIM was the only firm to actually address our needs over the complete lifecycle of financial instruments, starting from research (pre-trade) to the management of instrument data held in our investment portfolios."
AIM was also preferred because it has a strong partnership with SimCorp: GAIN is fully integrated with SimCorp's Dimension investment management solution, which Unigestion has previously implemented.
Unigestion is a fast-growing asset manager with an elaborate, tailored portfolio, says Sommeregger, and "the primary driver for their choosing AIM was to have a complete system of data governance on the business processes to underpin their operations, so that if investors ask what happened on any day of the year, they could give them a complete biography ... this has become more and more important for asset managers, coming from regulations, to be able to provide this biography at any stage."
Unigestion started the rollout of GAIN across all asset classes in late August. Sommeregger says it hopes to complete the process in the second quarter of next year.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
‘The opaque juggernaut’: Private credit’s data deficiencies become clear
Investor demand to take advantage of the growing private credit markets is rising, despite limited data, trading mechanisms, and a lack of liquidity.
Fitch claims 20% developer productivity boost using AWS GenAI tools
The vendors have expanded an existing deal to include new Amazon tools that have helped Fitch modernize its infrastructure and applications.
US sovereign wealth fund project highlights the private assets problem
Firms have a growing appetite for private markets, as shown by President Trump’s proposed creation of a US SWF. GoldenSource’s James Corrigan writes that to ensure success, core technology must be built on strong data foundations.
DLT and digital contracts for market data: Has the hammer found the nail?
Waters Wrap: A new platform that a custom-made DLT underpins is coming to market. Anthony examines its merits and, surprisingly, finds a lot.
Bond CT hopeful Etrading unveils free tape prototype ahead of tenders
The vendor hopes to provide the long-awaited consolidated tape for bonds in the EU and the UK, demonstrating its ability to do so through ETS Connect.
Big xyt exploring bid to provide EU equities CT
So far, only one group, a consortium of the major European exchanges, has formally kept its hat in the ring to provide Europe’s consolidated tape for equities.
Orchestrade resists SaaS model in favor of customer flexibility
Firms like Orchestrade are minimizing funds and banks’ risks with different approaches to risk management.
Hyperscalers to take hits as AI demand overpowers datacenter capacity
The IMD Wrap: Max asks, who’s really raising your datacenter costs? And how can you reduce them?