SimCorp has entered into a licence agreement with Austrian Oberbank and 3 Banken-Generali Investment.
Oberbank is one of three banks forming the Austrian 3 Banken group, while 3 Banken- Generali Investment is the common fund management subsidiary of the 3 Banken group and Generali Holding Vienna.
Oberbank will use SimCorp Dimension as its strategic investment management solution covering depositary banking, fund administration, IFRS and compliance. 3 Banken-Generali Investment will use SimCorp Dimension as its systems platform for risk management and performance attribution.
"Key to our decision process was the overall impression of SimCorp and of the solution. We particularly liked the built-in flexibility of SimCorp Dimension that allows for easy adaption and extension," says Mag. Dietmar Baumgartner, managing director at 3 Banken-Generali Investment.
"SimCorp Dimension will be our central investment management platform," says Mag. Florian Hagenauer, department manager and responsible for business operations at Oberbank. "Based on a comprehensive selection process, we were convinced not only by the system's broad functional coverage, but more importantly by SimCorp's expertise in Austrian specifics and IFRS."
"We are happy to have won two such important players in the Austrian market as Oberbank and 3 Banken-Generali Investment," says Jochen Müller, senior vice president at SimCorp. "With this success, SimCorp further strengthens its market position in Austria."