SIMCORP ACCELERATES BUY SIDE DATA AGGREGATION AND NORMALIZATION WITH ACCESSFINTECH PARTNERSHIP

SimCorp, a leading provider of SaaS Investment Management solutions, and AccessFintech, the data normalization and workflow network, today announced a new partnership that will connect AccessFintech’s Synergy Network with SimCorp’s Asset Service Hub. This collaboration will enable SimCorp’s clients to better access and visualize data through aggregation and normalization, increasing efficiency across the buy-side. 

SimCorp’s Asset Service Hub provides a scalable cloud-based integration service to accelerate custodian and data interoperability and support SimCorp’s clients. AccessFintech’s Synergy Network improves data quality and workflow efficiency by aggregating and providing access to diverse datasets across the financial ecosystem. Synergy's integration with SimCorp’s Asset Service Hub means buy-side clients will be able to benefit from better data normalization, which helps simplify workflows and increase collaboration across and between organizations. Less time and resources spent on data management will speed up time to market and improve efficiency, allowing team members to spend less time on data processing. Better and faster data management and normalization will also help the buy-side with a quickly changing regulatory environment. 

Jaki Walsh, Vice President, Accounting & Operations, SimCorp, said: “Our clients are actively looking for data interoperability, leveraging technology to drive efficiency and provide a complete view. They are pushing for stronger and more simplified data processes that allow them to adapt quickly and focus more on revenue-generating activities. Innovative solutions such as the Asset Service Hub enable our clients to ‘plug and play’ into the market for investment management processes with a faster time to value.”

Boaz Zilberman, Executive Vice President, Business Development, AccessFintech, said: “We are excited to see AccessFintech’s capability to aggregate and normalize real-time data help drive efficiencies offered by partner firms. Integrating the Synergy Network with Simcorp’s cutting-edge service will expand the value of our data offering to financial institutions, improving efficiency in the market as a whole.”

About SimCorp

SimCorp offers industry-leading, front-to-back investment management solutions. Our platform and ecosystem, comprising partners, services, and third-party connectivity, empowers us to provide 40% of the world's top 100 financial companies with the efficiency and flexibility needed to succeed. With over 25 offices around the world, and 2,000 employees, we are a truly global, collaborative team that connects every continent and industry seamlessly.

About AccessFintech:

AccessFintech enables improved data sharing and workflow collaboration to evolve the financial industry’s operating model. At its core is the AccessFintech Synergy Network, a modern and secure collaboration network that allows for resolution and decision-making in one place. It facilitates data collaboration at scale and provides more visibility into transaction data and access to benchmarking insights. Synergy’s workflow optimization speeds and simplifies transactions through digital automation, mutualizes risk, and allows for better, more enlightened decision-making across organizations and functions. It also offers broad technology distribution that provides industry-wide connectivity to new technologies, reducing the cost of ownership for all. The Synergy Network has built a critical mass of data, participants and solutions with leading financial institutions and processes over a billion transactions every month.