NEW YORK, April 29, 2015 /PRNewswire/ -- SimCorp, a leading provider of investment and portfolio management software and services for the global financial services industry today announced that it has won the 2015 Technology Innovation Award from FTF in the category of 'Best IBOR Solution.' This is the first time that a category for IBOR, or the investment book of record, has been included in the awards.
SimCorp Dimension's IBOR puts timely, accurate and actionable information in the hands of investment professionals – the real drivers of investment performance. The solution supports virtually all product types, jurisdictions and asset types allowing clients to invest in what they want, distribute how they want, in any market around the world. The IBOR addresses the needs of multiple stakeholders across the investment management lifecycle allowing investment professionals to make the best-informed investment decisions, risk managers to derive the most accurate exposure calculations and the client services to respond quickly to requests from clients. Additionally, SimCorp Dimension's unrivalled instrument coverage coupled with support for multiple currencies and multiple accounting frameworks ensures firms are able to on-board and seamlessly integrate position data for any new products into the IBOR.
'Being recognized as the best IBOR solution provider is a huge honor, especially since we believe a well designed and implemented IBOR solution is the platform on and through which investment managers can execute their business strategy," said Marc Mallett, Vice President of Product and Managed Services, SimCorp North America. "Many firms today find themselves focusing on data integration and reconciliation challenges, weaknesses in their current operating models. A truly integrated IBOR solution eliminates these issues and allows investment managers to focus on what really matters: evaluating investment opportunities, monitoring risk and servicing clients – not reconciling one internal system to another."
"We had more than 250 nominations overall and nearly 10,000 votes, making this year's awards season the most competitive FTF has ever seen," said Maureen Lowe, Founder and President of FTF. "The winners should all be congratulated for their hard work and achievements in 2014 as there are so many great companies with excellent products facing tough competition in the Ops space. So, to be recognized as being the best by the industry itself is something to be truly proud of. We are very much looking forward to celebrating with the award winners, their clients and industry participants at the Rainbow Room in New York City on June 2 following the close of FTF's two-day SecOps USA conference."
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Since 1971, SimCorp has been providing investment and portfolio management software and services to the world's leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America, 917-546-4654, [email protected]