FinTech Futures: Top five stories of the week – 5 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Simcorp
Deutsche Börse to acquire Denmark’s SimCorp in €3.9bn deal
SimCorp will sit within a newly created investment management solutions segment, Deutsche Börse says.
Change at the top for SimCorp as Christian Kromann appointed new CEO
Kromann takes over from incumbent Klaus Holse, who held the role for nine years.
Hesta selects SimCorp Dimension to power new portfolio strategy
Australian superannuation firm brings investments in-house.
SimCorp SFTR solution goes live at Denmark’s ATP
Danish pensions fund goes live in time for the third phase of SFTR.
Central Bank of Sri Lanka picks SimCorp Dimension for reserve management
CBSL selected SimCorp as part of an ongoing revamp.
Tink appoints SimCorp CEO Holse as new chairman
Holse says Tink is “leading the charge” in open banking across Europe.
Mawer Investment Management picks SimCorp Dimension
The Canadian firm plans a front-to-back revamp.
SimCorp puts Dimension on the cloud with Microsoft Azure
Investment systems vendor signs public cloud deal with Microsoft.
SimCorp picks GlobalLogic to refit Dimension on the cloud
SimCorp sees cloud as an important investment for Dimension.
Belfius Bank goes live on SimCorp Dimension
The Belgian bank deploys SimCorp in retail, corporate, and investment banking.
Deutsche Bank and SimCorp extend Dimension partnership in Asia Pacific
14-year fund services collaboration extended.
GAM partners with SimCorp to consolidate its operating platform
SimCorp Dimension will serve as GAM’s core front office platform and IBOR.
BNY Mellon connects custody capabilities with SimCorp to improve data transparency
BNY Mellon and SimCorp expect mutual global clients out of the partnership
Unigestion migrates to the cloud with SimCorp Dimension
Asset manager transitions from on-premises to an outsourced model.
SimCorp acquires AIM Software for €60m for data management boost
The Danish investech will include AIM’s solution to its portfolio.
CC&L chooses SimCorp to deliver integrated client communications
One of Canada’s largest firms in the sector, Connor, Clark and Lunn Financial Group manages over $55 billion in assets.
Austria’s central bank completes full revamp with SimCorp
Chosen to support its monetary policy and manage investment activities.
SimCorp secures tech deal at Nordea Life & Pensions
Signs a five-year licence agreement.
CaixaBank Asset Management selects SimCorp Dimension
To automate investment management processes and workflows.
SimCorp Dimension investment platform kicks in at KAS Bank
Dutch securities administration firm enters the SimCorp Dimension.
SOKA-BAU in front-to-back office tech overhaul with Simcorp
German pension fund will implement the Simcorp Dimension platform.
Central Bank of Trinidad and Tobago in tech modernisation with Simcorp
Central Bank of Trinidad and Tobago has signed for the Simcorp Dimension investment management platform.
Bank of Thailand selects SimCorp Dimension for investment management
Thailand’s central bank, Bank of Thailand, has selected SimCorp Dimension as its new investment management platform to support reserve management and monetary policy operations of its $226 billion reserves.
Kempen ousts legacy reporting tech in favour of Simcorp Coric
Kempen, a €49.5 billion asset manager in the Netherlands, is replacing its legacy client reporting solution with Simcorp Coric.
SimCorp bags three wins in asset and investment management space
SimCorp is smiling as it’s secured three sweet wins in the asset and investment management space with C WorldWide Asset Management, Novo Holdings and FIIG Securities. Denmark-based C WorldWide Asset Management (formerly Carnegie Asset Management) has extended its Dimension licence agreement to include Data Warehouse Manager and will be replacing its current reporting solution with SimCorp Coric’s […]
Simcorp acquires investment and portfolio management tech vendor APL Italiana for €35m
SimCorp has acquired a fellow wealthtech vendor, APL Italiana, for €35 million. APL Italiana specialises investment and portfolio management software for the Italian insurance market.
KBC Asset Management in technology modernisation
KBC Asset Management, Belgium’s largest investment manager, is implementing a new investment book of record (IBOR) platform, Simcorp Dimension, and Axioma’s risk management engine.
Vontobel selects SimCorp Coric for fund reporting
Swiss-based Vontobel Asset Management has chosen SimCorp Coric to automate its client communications and fund reporting processes. Vontobel will deploy SimCorp Coric as a hosted solution via Microsoft Azure and the agreement will see the Coric solution replace in-house manual processes as well as an existing incumbent third-party solution. Stuart Keeler, managing director of SimCorp […]
SEB to consolidate investment management ops with Simcorp Dimension
Sweden-based financial services group SEB has selected Simcorp Dimension as its new back office platform for transaction processing, reconciliation, settlement, accounting and derivatives processing.
Marathon Asset Management selects Simcorp Coric for client reporting
UK-based Marathon Asset Management (Marathon) has chosen Simcorp’s Coric – an end-to-end client communications and reporting suite. Simcorp says Marathon decided to replace its “outdated” legacy reporting system with Coric after a “comprehensive” review. The implementation will also include Coric’s Web Reporter, a self-service online reporting portal. Marathon will deploy Coric as an on-premise solution, […]
Exane signs for Simcorp Dimension investment management platform
Simcorp is implementing its flagship investment management system, Simcorp Dimension, at Exane to support its middle and back office ops for listed and OTC derivatives. Paris-based Exane is an independent investment firm that focuses on asset management, derivatives and brokerage in cash equities. Exane has been running a number of disparate systems and decided to […]
Nomura Bank extends relationship with software provider Simcorp
Luxembourg-based Nomura Bank has singed a “large additional licence agreement” with investment software specialist Simcorp, according to the vendor. The bank went to market looking for a new software provider but concluded that staying with Simcorp would be the best option. The two companies have been working together since 2009. Simcorp’s CEO, Klaus Holse, comments […]
Genesis Investment Management extends partnership with Simcorp
UK-based Genesis Investment Management, a long-standing customer of Simcorp, has implemented the vendor’s client communication and reporting solution, Coric. The system has been deployed on an outsourced basis, hosted on the Microsoft Azure cloud. According to Simcorp, the project was completed in four months. As the result, the client reporting efficiency has improved by more than […]
