SimCorp launches SimCorp Dimension in Luxembourg to meet the demands
of the post-crisis financial in
SimCorp launches SimCorp Dimension in Luxembourg to meet the demands of the post-crisis financial industry
(Thomson Reuters ONE) - SimCorp, leading supplier of highly specialised software and know-howfor the financial sector announces that it launches enterprisesolution SimCorp Dimension to the Luxembourg market.In the wake of the crisis, a new reality has emerged in the financialindustry that has forced many participants to search for solutions toimprove operational efficiency and sustain lower cost levels withoutsacrificing business flexibility and scalability. Also, newregulation will pose new requirements on the industry.SimCorp's front-to-back enterprise system, SimCorp Dimension, is anintegrated, automated, single-database solution that can meet therequirements in the market by offering sustainable cost reduction,holistic risk mitigation and a scalable platform enabling growth.SimCorp Dimension's IT infrastructure reduces the risks inherent inmaintaining internal interfaces and labour intensive reconciliationprocesses between different internal systems, and its transparentarchitecture significantly reduces risk associated withcounterparties, major defaults and governance."Financial institutions need to act in today's financial markets inthe secure knowledge that their operations are backed up by asoftware solution equipped to meet post-crisis requirements," saysTroels P. Jensen, managing director of SimCorp Benelux. "SimCorp andSimCorp Dimension can help them meet and overcome these challenges."Financial institutions are under pressure, both from regulators andclients, to improve efficiency. Introducing SimCorp Dimension toLuxembourg, one of the largest financial markets in the world, willenable SimCorp to support the Luxembourg fund industry in meeting thechallenges they are facing. Current SimCorp Dimension clients inLuxembourg include Nomura Bank and Nordea, among others. - - -Enquiries regarding this announcement should be addressed to:Troels P. Jensen, Managing Director, SimCorp Benelux (+32 498 86 6600) - - -SimCorpSimCorp is a leading provider of highly specialised software andknow-how for the financial sector. Established in 1971, withapproximately 1,100 employees, SimCorp is listed on the NASDAQ OMXCopenhagen A/S. The SimCorp system, SimCorp Dimension, is sold,implemented and supported by the head office in Copenhagen and thesubsidiaries and branches in Amsterdam, Brussels, Frankfurt, HongKong, Kiev, London, Los Angeles, Munich, New York, Oslo, Paris,Stockholm, Sydney, Toronto, Vienna and Zurich.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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