SimCorp, a provider of software-as-a-service investment management solutions, has partnered with AccessFintech to increase efficiency across the buy side.
The joint venture, which will connect SimCorp’s Asset Service Hub with AccessFintech’s Synergy Network, aims to allow SimCorp’s clients to better access and visualise data through aggregation and normalisation.
SimCorp’s Asset Service Hub looks to provide a cloud-based integration service to enable custodian and data interoperability.
AccessFintech’s Synergy Network aims to improve data quality and workflow efficiency by aggregating and providing access to datasets across the financial ecosystem.
By connecting the two platforms, SimCorp says that buy side clients will be able to benefit from better data normalisation, which will help to simplify workflows and increase collaboration across organisations.
Less time and resources spent on data management will speed up time to market and improve efficiency, according to AccessFintech.
In addition, improved and faster data management and normalisation is expected to help the buy side tackle the altering regulatory environment.
“Our clients are actively looking for data interoperability, leveraging technology to drive efficiency and provide a complete view,” says Jaki Walsh, vice president, accounting & operations, SimCorp.
She adds, “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 of business development at AccessFintech, says “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.”
