BNY Mellon has teamed up with SimCorp to connect its custody capabilities with SimCorp’s integrated front-to-back investment management system, in order to ‘accelerate’ the optimisation of typically manual investment workflows for mutual clients.The new connectivity provides mutual clients globally with enhanced operational efficiency and transparency in core investment processes.In addition, SimCorp explained that the new connectivity provides a more efficient enterprise risk management and increased speed to market for on-boarding.By delivering enhanced automation, the solution will lead to higher reconciliation match rates, which allows portfolio managers, operations teams and risk professionals across the buy-side to gain ‘sharpened insights’ into the deployment of cash and securities.Daron Pearce, CEO of Europe the Middle East and Africa, asset servicing at BNY Mellon, said: “Our collaboration with SimCorp offers significant opportunities for clients around the globe to improve their performance through enhanced data flows and to eliminate inefficiencies.” “It further demonstrates BNY Mellon’s open and cooperative approach to navigating the digital future of the investment industry, working alongside clients and together with other service providers to develop flexible, insightful and effective solutions,” Pearce cited.Johan Rosengreen-Kringel, senior vice president, strategy and corporate development at SimCorp, added: “Integrating BNY Mellon’s data with SimCorp Dimension enhances the timeliness and accuracy of information and operational efficiency available to clients, ultimately strengthening decision making and optimising strategic agility.”“We firmly believe that this flexibility, combined with our highly automated front-to-back investment lifecycle and open integration with service providers will greatly benefit clients.”
