KLP Kapitalforvaltning automates SFTR reporting and saves 45 minutes a day
KLP Kapitalforvaltning, the asset management arm of Norway’s largest pension provider, has been using SimCorp Dimension for 24 years. When faced with new transaction reporting requirements, they didn’t hesitate to reach out to us for a solution to cover compliance for both EMIR and SFTR.
Since adopting our regulatory service, KLP is saving 45 minutes a day compared to their old solution that they ran onsite. In addition to the regulatory service, KLP uses SimCorp Dimension for front to back processes and they credit having all data on one platform as key to keeping their costs down.
KLP Kapitalforvaltning’s COO shares the benefits of automating SFTR reporting with SimCorp.
Implementing the regulatory reporting solution has provided four times faster processing on our side, making a huge difference to our daily operation.
COO, KLP Kapitalforvaltning
AuM: EUR 60 billion
About KLP Kapitalforvaltning
KLP Kapitalforvaltning AS, a subsidiary of the KLP Group, is an asset management company with a license from the Financial Supervisory Authority of Norway to manage mutual funds and alternative investment funds, as well as active management and related services. It manages assets on behalf of the pension and life insurance business in the KLP Group and other customers through the KLP funds.
Moving core IT platform and data management capabilities to the cloud
The subsidiary of Norway’s largest pension fund, KLP Kapitalforvaltning AS (KLP) was recently faced with the challenge of applying more internal IT resources to maintain the operations of their increasingly complex and large applications in-house, or out-task these activities to allow them to focus on their core business and respond faster to new market opportunities.