SimCorp announces new integration with Microsoft Azure

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SimCorp has announced a new integration of its front-to-back investment management platform with Microsoft Azure. The company stated that the development is expected to benefit SimCorp’s clients with a cost-efficient public cloud solution and facilitate the delivery of buy-side on-demand functionality.

Georg Hetrodt, Chief Product Officer, SimCorp, commented, “The cost savings, significantly decreased CO2 footprint and increased flexibility we have witnessed from our internal migration as an organization, 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 endeavor, by creatively delivering services and leveraging new technologies that complement our domain, as a leading provider of investment management solutions.”

SimCorp’s adoption of Azure follows its internal migration of IT operations and services to Azure, beginning in 2019. The company will expand its SimCorp Dimension as a Service offering for encouraging business strategies of its clients. SimCorp Dimension as a Service will be offered to new and existing clients, with the optionality of both private cloud with current hosting partners, and public cloud with Azure.

Scott Guthrie, executive vice president, Cloud + AI, Microsoft Corp, added, “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 utilize Azure AI and machine learning for continuous innovation, unmatched operational efficiency, and scale.”

SimCorp stated that it would also migrate and virtualize its product development, as it continues to develop the next generation of SimCorp Dimension as a Service, complete with Azure features. Through the integration, the company aims to better support business outcomes by driving the adoption of solutions that can optimize alpha generation, from investment decision-making, analytics and performance, through to pre-trade risk modelling and portfolio construction