SimCorp has integrated its front-to-back investment management platform, SimCorp Dimension, with Microsoft Azure as part of the firm’s cloud transformation.
The multi-asset investment management solutions provider will now be able to serve clients with a scalable, secure and cost-efficient public cloud solution during current heightened market conditions, increased competition and regulation.
In response to these pressures on buy-side operations, SimCorp Dimension will provide on-demand functionality to the buy-side, as well as leverage technologies such as artificial intelligence and machine learning.
The adoption of Microsoft Azure across SimCorp’s internal IT operations and services began in 2019, and external solutions are now following suit.
Georg Hetrodt, chief product officer at SimCorp, explained: “We have seen what the cloud can do for our own business growth, and we want to offer the same benefits to our clients.”
“This includes easier to consume solutions and services, via a robust cloud offering, and open access to innovation, that truly supports their success. In doing so, we take on increased accountability for solving our clients core business challenges and ultimately deliver a superior customer experience.”
Scott Guthrie, executive vice president of cloud and artificial intelligence at Microsoft Corporation, added: “By bringing SimCorp Dimension as a service to Azure, institutional investors in the financial services industry will better serve their customers.”
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