SimCorp offers SimCorp Dimension as a Service on Microsoft Azure
SimCorp, a provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, has integrated its front-to-back investment management platform, with Microsoft Azure.
The move significantly benefits SimCorp clients with a highly scalable, secure and cost efficient public cloud solution. The integration with Azure, combined with SimCorp Dimension as a Service, delivers the buy side innovative, on-demand functionality, while leveraging cutting-edge technologies, including artificial intelligence and machine learning, for competitive advantage.
Heightened global market conditions, increased competition and regulation are placing high demands on buy-side operations, calling for more flexible consumption of solutions and services and stronger support of investment operations. In response, and as a global business and trusted partner to some of the largest institutional investors around the world, SimCorp is transforming its offerings, delivered as a service, to provide buy-side firms with the flexibility, scalability and elasticity needed, in their investment operations today. Enriched with cloud-enabled automation, SimCorp will drive greater capacity for its clients, ultimately delivering greater value and an optimized client experience.
The adoption of Azure across SimCorp’s external solutions and services, follows the company’s internal migration of IT operations and services to Azure which first began in 2019. It is a natural step in its cloud journey, expanding SimCorp’s cloud offering, SimCorp Dimension as a Service, designed to empower the unique business strategies of its clients, with unmatched operational efficiency and scalability. The development sees SimCorp Dimension as a Service offered to new and existing clients, with the optionality of both private cloud with current hosting partners, and public cloud with Azure.
Georg Hetrodt, Chief Product Officer, SimCorp, says: “The cost savings, significantly decreased CO2 footprint and increased flexibility we have witnessed from our internal migration as an organisation, were key in the decision to select Microsoft Azure, as the backbone for our external solutions and services. 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. We are confident that our integration with Microsoft will enable us to fulfil this endeavour, by creatively delivering services and leveraging new technologies that complement our domain, as a leading provider of investment management solutions.”
Scott Guthrie, executive vice president, Cloud + AI, Microsoft Corp, adds: “By bringing SimCorp Dimension as a Service to Azure, institutional investors in the Financial Services Industry will better serve their customers. SimCorp and Microsoft will utilise Azure AI and machine learning for continuous innovation, unmatched operational efficiency and scale.”