Danish fintech vendor SimCorp has signed Austria's Erste Bank to its flagship investment management platform, Dimension.
The bank will roll out out the Dimnesion system across its fund management division, Erste-Sparinvest. The system will be used to manage both mututal and institutional funds.
Erste says the technology will also be deployed at its depositary bank for fund administration.
Jochen Muller, MD, SimCorp, says: "The flexibility of SimCorp Dimension will enable the group to use the system across the various countries that the bank is in operation as well as supporting all its different areas of asset management."
Last year the Erste Bank's insurance arm installed Sparkassen Versicherung Aktiengesellschaft rolled out SimCorp Dimension to manage its asset management operations.