They required a system that could resolve data quality issues upfront and protect the operational processes running on SimCorp Dimension from poor quality data. The firm also needed greater transparency around the provenance and ownership of its reference data. Danske Capital selected AIM Software’s* GAIN Security Master because it was the only vendor to provide a combination of fully maintained business applications, with a complete integration with SimCorp Dimension.
Danske Capital is the asset & fund management entity of Danske Bank Group, the largest bank in Denmark and a leading player in the northern European financial markets. With a strong presence in the Nordic region and a rapid growth in other markets. The firm handles app EUR 105 billion (total AUM) across portfolios on behalf of private individuals, institutional clients and app 400 mutual funds.
Danske Capital needed a system that could resolve data quality issues and protect the operational processes running on SimCorp Dimension from poor quality data. Additionally, the firm needed a centralized data management platform with comprehensive auditing capabilities to meet its data governance requirements.
Following a comprehensive selection process, Danske Capital selected AIM Software’s GAIN Security Master due its productized approach, and its fully maintained integration to SimCorp Dimension.
We have chosen GAIN over its competitors because it was the only vendor to provide a combination of fully maintained business applications, with a complete integration with SimCorp Dimension. This gives us the confidence to achieve substantial costs savings, while drastically reducing risks, improving our daily operations efficiency and providing us with a solid foundation to accommodate to our constantly evolving data needs.Jacob Wahlers, Head of Market Data & Monitoring at Danske Capital
GAIN Security Master manages all static data and prices, providing a centralized repository for all the data in the bank’s asset management business. The system also provides support for compliance with data vendor contracts and data permissioning. Once fully validated, the data is delivered to SimCorp Dimension for use by the business.
Implementing GAIN Security Master has enabled Danske to significantly reduce its operating costs and improve operational efficiency. Other benefits of GAIN Security Master include a full audit trail; Danske Capital now has full insight into how prices are derived and can take price snaps. The system also allows the firm to demonstrate data lineage in compliance with regulations governing fund companies, such as mutual fund legislation in Denmark.
*As of August 1, 2019, SimCorp acquired AIM Software. The GAIN platform is now SimCorp Gain.
More client success stories