KAS BANK selects AIM Software to replace legacy data management system

Vienna, Austria – February 26, 2015

KAS BANK N.V. is the independent European specialist in securities services, risk control and reporting services, and administrates over EUR 400bn in assets on behalf of professional clients in the pensions and securities industry.

KAS BANK needed a solution to migrate a legacy data management system with minimum disruption to current operations and without impacting existing in house applications.

AIM Software was chosen as the result of a comprehensive selection process including options such as in-house development and other data management supplied systems and tools. GAIN was selected because its business applications can be implemented more quickly and with less risk and lower costs. One other factor was the potential to extend the GAIN platform in the future to other business processes and data feeds.

Mark Schilstra, Managing Director Asset Servicing at KAS BANK N.V, said “We have chosen GAIN because it was the most cost effective and lowest risk option to migrate from the legacy system. The implementation team were very impressed by how comprehensive the configuration tools are and how intuitive they will be to use. We like the fact that AIM Software’s business applications are designed to meet the particular challenges of our asset servicing operations, and will help us reduce the operational workload”.

Josef Sommeregger, Chief Commercial Officer at AIM Software, concludes: ”We went live last year with one of the Top 3 Dutch Asset Management firms, and we are proud today to welcome KAS BANK to our growing community of GAIN clients in the Netherlands.”

“GAIN has been especially designed to meet the particular challenges of the Asset Servicing community in terms of high volumes, variety of requirements – per client or per portfolio – , transparency and responsiveness. Our Business Applications will help KAS BANK to benefit from an accelerated return on investment while lowering the overall cost of operations. We look forward to working with KAS BANK to develop further our business applications.”

About AIM Software
AIM Software is the fast growing and award-winning provider of data management software products to the financial services industry. Over 90 of the world’s leading asset management, private wealth management, asset servicing, fund administration and global custody firms rely every day on AIM Software’s GAIN to support their core business data needs. With offices in Vienna, New York, London, Luxembourg, Zurich and Paris, AIM offers best-in-class applications designed to work together in a fully integrated business suite, GAIN.

What is different? • AIM’s "business applications" are pre-built packages of business workflows (e.g. securities data opening, portfolio pricing, corporate actions validation, research data) running on top of a modern data management platform and maintained as part of the product. Compared to classic approaches to EDM (Enterprise Data Management) based on platforms and tools, this approach ensures custom developments are kept to a minimum, projects are faster to implement and the overall cost of ownership on the long term is lower.

Industry accolades and awards include:
• "Best EDM Platform for Portfolio Pricing" Award 2014 & 2013 at 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.