BNY Mellon and SimCorp Partner to Deliver Optimized Data Integration and Transparency through Open Architecture

BNY Mellon and SimCorp Partner to Deliver Optimized Data Integration and Transparency through Open Architecture
09.12.2019 10:19 am

BNY Mellon and SimCorp Partner to Deliver Optimized Data Integration and Transparency through Open Architecture

Investment Management

The Bank of New York Mellon Corporation (“BNY Mellon”) and SimCorp today announced a collaboration that connects BNY Mellon’s range of custody capabilities—including settlement, safekeeping, and cash and securities services—with SimCorp’s integrated front-to-back investment management system, SimCorp Dimension®.

The new connectivity provides mutual clients globally with enhanced operational efficiency and transparency in core investment processes, more efficient enterprise risk management, and increased speed to market for on-boarding.

BNY Mellon and SimCorp will pursue a shared roadmap to deliver an open and integrated operating model, with enhanced custody information and improved operational efficiencies. Clients of both BNY Mellon and SimCorp will benefit from streamlined system-to-system data flows and optimized data sets across the investment lifecycle, which can be easily leveraged for greater visibility into transactions and positions.

The partnership aims to accelerate the optimization of typically manual investment workflows, such as settlement management, which continue to burden investment managers and asset owners. By delivering enhanced automation, the solution will lead to higher reconciliation match rates. This allows portfolio managers, operations teams and risk professionals across the buy-side to gain sharpened insights into the deployment of cash and securities. Additionally, increased transparency and faster availability of corporate actions and tax reclaim data will drive more informed investment decision-making.

“Our collaboration with SimCorp offers significant opportunities for clients around the globe to improve their performance through enhanced data flows and to eliminate inefficiencies,” said Daron Pearce, CEO of EMEA Asset Servicing at BNY Mellon. “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.”

“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 optimizing strategic agility,” said Johan Rosengreen-Kringel, Senior Vice President, Strategy & Corporate Development at SimCorp. “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.”

Related News

Pine Labs announces investment from Mastercard

Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment by Mastercard that underscores confidence in India’s growing economy.

The... Read more »

State Street Announces New Partnership With iCapital Network

State Street Corporation (NYSE: STT) today announced it has entered into a new partnership with iCapital... Read more »

BNY Mellon announces innovative suite of services to deliver greater NAV oversight and contingency for the investment industry

The Bank of New York Mellon Corporation (“BNY Mellon”) today announced a new suite of oversight and contingent Net Asset Value (NAV) calculation solutions to complement its... Read more »

ING spins out advanced analytics portfolio tool Katana to accelerate its growth

ING announced the spin-out of Katana, the advanced analytics platform that supports portfolio managers in making faster and sharper investment decisions. To enable further... Read more »

Pennsylvania Public School Employees’ Retirement System selects SimCorp for multi-asset investment coverage

SimCorp grows its community of North American pension plans, with the addition of Pennsylvania Public School Employees’ Retirement System…

Read more »

Ripple Caps Record Year with $200 Million Series C Funding

Today, Ripple is thrilled to announce $200 million in Series C funding—an investment that marks a record year for the business and further proves the value of blockchain... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel