The non-profit organization aims to transform Denmark into one of the leading fintech hubs in the world, by supporting and accelerating innovation among technology-led corporates and start-ups. The newly-formed partnership is part of SimCorp's own increasing strategic focus on innovation and will enable it to build and access a global start-up network that can strengthen SimCorp’s solutions for the global institutional investment industry.
Anchored in the fast-growing Nordic design and digital industry, but with strong connections to global startup communities, Copenhagen Fintech's ambition is to promote and foster collaboration between start-ups and larger enterprises, in the intersection between finance and technology. With the partnership, SimCorp gains complete access to a large Nordic community of start-ups, with a dedicated focus on financial innovation. As such, the partnership is a step in SimCorp’s strategic focus in building an open eco-system of complementary solutions, to provide its clients more optionality.
With a history of innovation, including its foundational front-to-back investment management system, SimCorp places great importance on the evolution of technology. This includes an industry-leading annual commitment to R&D, as well as investments in various global start-up and fintechs. An example is its most recent investment stake and machine learning collaboration with New York based Alkymi.Alkymi's Natural Language Processing (NLP) technology provides SimCorp with a unique opportunity to solve key challenges facing its clients, by delivering vital automation of data processes and workflows, as well as the rapid extraction of insights from large volumes of data.
Thomas Krogh Jensen, CEO at Copenhagen Fintech comments: “The Danish fintech ecosystem is booming and generally receives huge international recognition. As one of Denmark’s first and most greatest fintech successes, SimCorp’s participation in this community is significant. Over the course of nearly fifty years, SimCorp has made a growth journey that any start-up dreams about, transitioning from a few people with a great idea to a global profitable enterprise, delivering to some of the world’s leading financial institutions. In this capacity SimCorp brings the ambition and perspective that can benefit our community, together with the critical market access to a very interesting client base for our fintechs and start-ups.”
SimCorp CEO, Klaus Holse, comments: “It is an important part of our strategy to build a value-added ecosystem of solutions and services that either complement or enhance our core system; SimCorp Dimension. We are strong believers that partnerships with both start-ups and more mature technology firms can increase our competitiveness and assist us in being at the forefront of our clients’ future needs to deliver desired business outcomes. The partnership with Copenhagen Fintech solidifies this strategic focus area. We look forward to playing an even more active role in the Danish fintech community, where we have already made interesting new acquaintances.”
Invitation for partnership event
To celebrate and kickstart the partnership, SimCorp, Copenhagen Fintech, and The Confederation of Danish Industry invites the Danish fintech community for a breakfast event on March 18. Under the title of ‘Accelerating Business Opportunities, the three parties will present their perspectives of the partnership and showcase an example of how collaboration between start-ups and corporates can accelerate business opportunities and innovation. To learn more and register for the event, please click here.
Enquiries regarding this announcement should be addressed to:
Mittal Shah, SimCorp PR UK/North America /Asia Pacific, +001 (646) 843 1707[email protected]
Anders Crillesen, SimCorp Corporate Communications, +45 3544 0000 [email protected]
Thomas Krogh Jensen, CEO, Copenhagen FinTech, +4520601548 [email protected]
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, central banks, sovereign wealth funds, and treasury. 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 Copenhagen Fintech
Copenhagen FinTech combines the visionary ideas of fintech entrepreneurs, the experience of the established financial sector, the desire for societal benefits of the public sector and the research from the universities with the overarching purpose of building a thriving fintech ecosystem for the benefit of all stakeholders. Our vision is to be one of the leading FinTech Hubs in the global financial services industry by supporting and catalyzing the next era of technology-led corporate and startup innovators.