17 October 2017
visit www.response.ncr.com

SimCorp sets up in Luxembourg

02 July 2009  |  1191 views  |  0 Source: SimCorp

SimCorp, leading supplier of highly specialised software and know-how for the financial sector announces that it launches enterprise solution SimCorp Dimension to the Luxembourg market.

In the wake of the crisis, a new reality has emerged in the financial industry that has forced many participants to search for solutions to improve operational efficiency and sustain lower cost levels without sacrificing business flexibility and scalability. Also, new regulation will pose new requirements on the industry.

SimCorp's front-to-back enterprise system, SimCorp Dimension, is an integrated, automated, single-database solution that can meet the requirements in the market by offering sustainable cost reduction, holistic risk mitigation and a scalable platform enabling growth. SimCorp Dimension's IT infrastructure reduces the risks inherent in maintaining internal interfaces and labour intensive reconciliation processes between different internal systems, and its transparent architecture significantly reduces risk associated with counterparties, major defaults and governance.

"Financial institutions need to act in today's financial markets in the secure knowledge that their operations are backed up by a software solution equipped to meet post-crisis requirements," says Troels P. Jensen, managing director of SimCorp Benelux. "SimCorp and SimCorp Dimension can help them meet and overcome these challenges."

Financial institutions are under pressure, both from regulators and clients, to improve efficiency. Introducing SimCorp Dimension to Luxembourg, one of the largest financial markets in the world, will enable SimCorp to support the Luxembourg fund industry in meeting the challenges they are facing. Current SimCorp Dimension clients in Luxembourg include Nomura Bank and Nordea, among others.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.com visit www.temenos.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14748 views comments | 12 tweets | 3 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8118 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7377 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6697 views comments | 13 tweets | 7 linkedin
Ex-PayPal boss Thompson backs Canadian fintech Payment RailsEx-PayPal boss Thompson backs Canadian fin...
6057 views comments | 10 tweets | 12 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job