SimCorp wins best IBOR platform

New York, London, Copenhagen, 1 November 2024 – SimCorp, a leading financial technology company, has won the award for “Best IBOR (Investment Book of Record) Platform” at the annual Buy-side Technology Awards.

Hosted by WatersTechnology, the Buy-Side Technology Awards recognize innovative technologies developed to make buy-side institutions operate more efficiently.

Many buy-side firms struggle with access to real-time data and analytics because they operate on numerous systems that are not integrated. This setup can lead to operational complexity and increases the risk of errors during manual data workarounds.

SimCorp’s multi-asset IBOR integrates data across front, middle, and back-office functions in one place, with real-time accurate, and consolidated data on positions, trades, and cash flows. With standardized connections, importing data from custodians, fund managers, and prime brokers into the IBOR is straightforward and immediately usable. SimCorp consolidates market data, validates it, and distributes it to the IBOR, and other systems as needed.

This seamless data integration enables a complete overview of both operations and investments, enabling portfolio managers to efficiently manage public and private market asset classes within a single integrated system.

“SimCorp’s multi-asset IBOR and its real-time data is a key differentiator for our clients,” said Christian Kromann, CEO of SimCorp. “Our IBOR provides a single source of truth for the entire business. This allows clients to respond to regulatory demands and manage investments and operational risk effectively.”

SimCorp’s IBOR forms the backbone of the integrated investment platform, SimCorp One. Buy-side firms select SimCorp One for its ability to cater to all asset classes within a single system and unified data layer, reducing complexity and improving operational efficiency.

“Our IBOR is a crucial tool for our clients, especially as investment portfolios have become more complex. It forms the foundation for all their investment decision-making. We are proud that it helps them succeed and has been recognized at the Buy-Side Technology Awards,” Kromann said.

The Buy-Side Technology Awards winners were selected by a panel of Waters Technology’s five most senior and experienced journalists.

“SimCorp has a long history of providing financial software and solutions that simplify buy-side operations. The Investment Book of Record is the foundation of the investment process, providing the front office with accurate, real-time position-level data, which is crucial for making the most informed and transparent business and investment decisions. SimCorp wins the award for the best IBOR platform this year, underlining its outstanding functionality and commitment to supporting its substantial buy-side clientele,” said Victor Anderson, Global Content Director, WatersTechnology.

In addition to winning Best IBOR Platform, SimCorp has also in 2024 been recognized with the FTF News Technology Innovation Award for Best Buy-Side Operation Solution for SimCorp One and the Markets Choice Award for Best M&A Deal of the Year for its merger with Axioma.

 

About SimCorp 

SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side.

Founded in 1971, with more than 3,000 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.

SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk and management and portfolio optimization solutions for the global buy side. 

 

Media Contact

Søren Rathlou Top

Global PR Manager at SimCorp

+45 31 15 87 06

[email protected]