Bloomberg announced that Aioi Nissay Dowa Insurance will adopt order management system Bloomberg AIM and the PORT Enterprise portfolio & risk analytics solution. Aioi Nissay Dowa is an insurance company based in Tokyo with global operations. Its asset management business is an important part of its business, with approximately 2.6 trillion yen ($22.6bn) in securities and with a trading volume of approximately 400 billion yen in securities as of fiscal 2020.
By adopting both AIM and PORT Enterprise, Aioi Nissay Dowa will be able to improve the efficiency of the entire transaction cycle encompassed by its asset management operations. Much of the operational work to date has been conducted manually, using Microsoft Excel and paper transaction slips that have been exchanged between front and back-office operations, and will be substantially streamlined.
In addition, the shift to straight-through processing (STP) from the front to back office will be made possible by utilizing Bloomberg’s Enterprise iPaaS platform, which enables quick implementation and automatic connection to the XNET back-office system. As a result, portfolio performance and risk analysis functions will be efficiently realized through the book value analysis tools that have been independently developed by Bloomberg with its Japanese buy-side customers in mind, as well as through the provision of accurate trading information.
“The role that asset management plays within our firm is becoming increasingly important, and we recognize that further strengthening investment profitability and operational efficiency is something that ought to be tackled early on. We are convinced that, by thoroughly utilizing the digital technology of AIM and PORT Enterprise, we will greatly enhance the productivity and sophistication of our asset management operations,” says Tomiji Akabayashi, executive vice president at Aioi Nissay Dowa, in a statement.
“Our solutions help realize better business precision and higher business efficiencies amid demands for work flexibility, cost revisions, and technological reforms that have arisen during the pandemic,” said Norman Tweeboom, Japan regional head at Bloomberg, in a statement.