SimCorp launches SimCorp Dimension in Luxembourg to meet the demands of the post-crisis financial industry

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.

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Enquiries regarding this announcement should be addressed to: 
Troels P. Jensen, Managing Director, SimCorp Benelux (+32 498 86 66 00)

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SimCorp 
SimCorp is a leading provider of highly specialised software and know-how for the financial sector. Established in 1971, with approximately 1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. The SimCorp system, SimCorp Dimension, is sold, implemented and supported by the head office in Copenhagen and the subsidiaries and branches in Amsterdam, Brussels, Frankfurt, Hong Kong, Kiev, London, Los Angeles, Munich, New York, Oslo, Paris, Stockholm, Sydney, Toronto, Vienna and Zurich.