SimCorp, a leading provider of investment management solutions and services to the global financial services industry, announces that it has signed a license agreement with The World Bank for use of SimCorp’s investment management system, SimCorp Dimension.
Under the agreement, which was signed in late 2018, The World Bank has licensed SimCorp’s middle and back office solutions including: asset management, collateral management, cash and securities management, investment accounting, reconciliation, performance management, settlement, risk, fund administration, data warehouse, IBOR, general ledger and corporate actions.
The World Bank Group has two goals that drive its work in developing countries. The first is to end extreme poverty by 2030. The second is to boost shared prosperity, by fostering the income growth of the bottom 40% of the population, in the countries in which the Bank works.
“We feel very privileged to support the goals of The World Bank and their investment management operations with our intuitive multi-asset platform,” notes James Corrigan, Executive Vice President and Managing Director of SimCorp North America. “This is another example where we partner with our clients to modernize balance sheet operations and ultimately optimize investment decision-making for future growth.”
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