SimCorp onboards buy-side clients via remote delivery model

Several buy-side client implementations were completed by SimCorp during the lockdown via its remote delivery model.

Trading and investment software vendor SimCorp said it has onboarded several buy-side firms globally during the coronavirus lockdown with its remote delivery model.

The remote delivery model deploys cloud technology tools, daily reporting and tracking to support its client’s remote implementations for various processes, including derivatives processing, FX and futures trading, cash reconciliation and SFTR cloud solutions.  

SimCorp said the model was established as a hybrid approach at first, but since the coronavirus pandemic and subsequent lockdowns, the vendor has fully adopted the model. It can also provide clients with more options during the implementation stage, alongside additional capabilities.

New and existing clients that have been onboarded to SimCorp during the lockdown include, Anima SGR, one of Italy’s largest asset management, and the investment arm of Zurich Insurance Company.  

“We are pleased to be able to bring several clients across the world, into production on time, during this unprecedented time,” said Christian Kromann, COO, SimCorp. “Our full remote delivery model, together with the successful launch of our quarterly software release, demonstrates this success and are a result of the continued investment SimCorp has made in both its technology and processes”.

In January, Swiss asset manager GAM Investments overhauled its investment operation processes and consolidated its trading and middle-office systems with SimCorp. More recently, SimCorp launched Datacare a new managed data service for the buy-side in collaboration with major asset management institutions.