Tech News Summary:
- FHLBank of Pittsburgh has partnered with SimCorp for an eight-year collaboration to implement cloud-based investment management and trading solutions using SimCorp Dimension.
- The partnership will integrate SimCorp’s specialized issuance and accounting processes into the solution, providing FHLBank with a comprehensive investment management tool to streamline its daily operations.
- The strategic alliance aims to enhance operational efficiency and drive growth in the evolving landscape of financial services, positioning FHLBank as a leader in the industry with greater agility and scalability in its investment management practices.
FHL Bank and SimCorp Join Forces to Revolutionize Asset Servicing Technology
In a groundbreaking partnership, FHL Bank and SimCorp have announced their collaboration to revolutionize asset servicing technology. The two industry leaders have come together with the shared goal of providing better solutions for asset servicing, ultimately benefiting their clients and the wider financial industry.
FHL Bank, a leading provider of financial services, has long been recognized for its innovative approach to banking, while SimCorp is a renowned provider of investment management software solutions. By combining their expertise, the two companies aim to create a cutting-edge platform that will streamline asset servicing operations and significantly improve efficiency.
The partnership will leverage SimCorp’s advanced technology and FHL Bank’s extensive industry knowledge to create a comprehensive solution that addresses the challenges faced by asset servicing firms. The new platform is expected to provide enhanced functionality, improved automation, and increased scalability, ultimately driving greater value for clients.
“We are thrilled to be partnering with SimCorp to revolutionize asset servicing technology,” said the spokesperson for FHL Bank. “By combining our strengths, we aim to deliver a truly innovative solution that will set a new standard for the industry.”
SimCorp’s CEO also expressed enthusiasm about the partnership, stating, “We believe that by harnessing our technology and FHL Bank’s industry insights, we can create a game-changing platform that will drive significant advancements in the asset servicing space.”
The collaboration between FHL Bank and SimCorp has already generated immense anticipation within the financial industry. With their combined resources and expertise, the two companies are well-positioned to make a lasting impact on asset servicing technology and set a new standard for the industry as a whole.