NewswireToday - /newswire/ - Vienna, Austria, 2010/05/04 - Back office and risk managers in financial institutions are invited to participate in this year's survey of the global reference data industry.

AIM Software today announced the launch of its 7th international reference data and risk management survey which is designed to provide insights into the challenges, trends and planned investments for reference data automation and risk management in the financial industry. This year’s survey is sponsored by SIX Telekurs.

In the dramatically changing world of finance, financial institutions all around the globe are carefully evaluating their strategies in risk and data management. Data integrity, regulatory requirements and infrastructure investments are only some of the issues that are highly topical at the moment.

Against this challenging background, AIM Software (aimsoftware.com) has now launched the 7th edition of the AIM Global Reference Data and Risk Management Survey in cooperation with SIX Telekurs. “The positive feedback we received from the market in the last few years was decisive for us to conduct the AIM Global Reference Data and Risk Management Survey for the 7th consecutive time in 2010,” explains Martin Buchberger, Head of Marketing and Sales at AIM Software. “New conditions and the aftermath of the financial crisis are dramatically shaping financial institutions’ approach to data and risk management. Our survey will provide a deep insight into the driving factors in this changing environment and show how financial institutions cope with the challenges.”

”As a leading provider of information in the reference data and risk management area, we are very happy to support this study. I am sure it is of great interest to our clients,” says Ivo Bieri, Head of Marketing at SIX Telekurs.

The 2010 edition of the AIM Global Reference Data and Risk Management Survey takes at look at this year’s developments and tries to distinguish real trends from hypes. The results from previous years have proved that this study spots most of the developments before they became critical, thus giving financial institutions the chance to see where they stand in their own efforts.

Data and risk managers are invited to participate by completing a 5 minute online questionnaire at dmstudy.info/topics/survey2010. Participants benefit from a free, comprehensive benchmarking to the rest of the market with country-specific drill-downs and charts.

Selected findings of the AIM Global Reference Data and Risk Management Survey 2009:

• 51% of all participants declare that they feed their reference data into a golden copy;
• 49% criticize the high costs related to data from financial data providers;
• 73% state that the reduction of errors is the main driving force for reference data automation;
• 31% of all respondents say that they are currently extending their data management facilities.

The final results of the AIM Global Reference Data and Risk Management Survey 2010 will be available by December 2010.

Written by / Agency / Source: AIM Software

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