Under the agreement, which was signed in late 2018, The World Bank has licensed SimCorp’s middle and back office solutions including: asset management, collateral management, cash and securities management, investment accounting, reconciliation, performance management, settlement, risk, fund administration, data warehouse, IBOR, general ledger and corporate actions.
The World Bank Group has two goals that drive its work in developing countries. The first is to end extreme poverty by 2030. The second is to boost shared prosperity, by fostering the income growth of the bottom 40% of the population, in the countries in which the Bank works.
“We feel very privileged to support the goals of The World Bank and their investment management operations with our intuitive multi-asset platform,” notes James Corrigan, Executive Vice President and Managing Director of SimCorp North America. “This is another example where we partner with our clients to modernize balance sheet operations and ultimately optimize investment decision-making for future growth.”
Enquiries regarding this announcement should be addressed to:
Mittal Shah, SimCorp PR, North America 001 (646) 843 1707 firstname.lastname@example.org
Anders Crillesen, SimCorp Corporate Communications +45 3544 6474 email@example.com
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, banks and sovereign wealth funds. Regardless of how you deploy it, SimCorp’s core solution, SimCorp Dimension®, and its life-cycle services support the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
About The World Bank Group
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.