SIMCORP LAUNCHES NEW CLOUD DATA WAREHOUSE, POWERED BY SNOWFLAKE

SimCorp’s new solution leverages its expertise in data warehousing with an established data model that is used by over 85 customers. In line with SimCorp’s clients’ ambitions to move to real-time data access, SimCorp’s Cloud Data Warehouse now gives investment management clients a state-of-the-art data platform to deliver on all their investment and analytics needs.

Snowflake’s Data Cloud enables SimCorp clients to access all the data they require when they need it. Meanwhile,built-in scalability allows new sources of data to be rapidly onboarded when required, radically reducing the time to value.

Marc Schröter, SimCorp SVP of Offer Management said: “Our clients want data solutions that are best-in-class and can support the increased demand they see for data. It was critically important for us to continue investing in this space and leverage leading Cloud native technologies to support our clients’ data ambitions.”

Whether sourced from SimCorp Dimension, from Snowflake Data Marketplace or from any other third-party data contributor, SimCorp’s Cloud Data Warehouse provides a robust data foundation to enable its clients to truly leverage their data assets for generating data insights instantly, irrespective of the data demands made on it. 

The new solution was developed as part of the Powered by Snowflake program. The rapidly growing Powered by Snowflake program launched in June 2021, and has added 175+ partners to date. It is designed to accelerate the delivery of differentiated applications on Snowflake by supporting developers across all stages of the application journey in Snowflake's Data Cloud.

Simcorp’s Cloud Data Warehouse core benefits include:

• Near-unlimited concurrency virtually eliminates data contention and latency issues for clients and data consumers whether in reporting, data analytics or data science
• SimCorp’s standardized Investment Management Warehouse (IMW) gives clients access to an industry-recognized investment management data model.
• Clients can augment their own investment data with third-party data from the Snowflake Data Marketplace and other data sources, giving faster access to the data.
• End-to-end data governance, providing the needed transparency for managing data model enhancements and reducing operational risk with a fully maintained and supported solution.
• AI powered analytics and integrated visualization layer provides clients with faster and easier ways to make data-driven decisions.

Alison Tierney, GVP of EMEA at Snowflake said: “Snowflake enables Simcorp to power its applications and benefit from Snowflake's near-unlimited scale, elasticity, and access to an ecosystem of financial data through the Snowflake Data Marketplace, providing customers with a seamless data experience.“

Furthermore, Marc Schröter added: “The combination of our deep expertise in data management and a state-of-the-art cloud data architecture leveraging Snowflake allows our clients to fuel the endless demands for data they see within their organisations. Likewise, the broader SimCorp offer strategy is heavily dependent on a strong data foundation; we will therefore continue to drive innovation in this space to support our existing and future portfolio of offers.” 

About SimCorp

SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds and treasury. Deployed on-premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™ and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.