The integration of FundApps within SimCorp's integrated front-to-back investment management platform, SimCorp Dimension, will offer SimCorp clients seamless post-trade share ownership reporting capabilities in over 100 jurisdictions straight from the trusted SimCorp Dimension Investment Book of Record. It comes when many asset owners and asset managers around the globe are increasingly struggling with the challenge of implementing effective and timely legal and regulatory changes.
SimCorp clients can use FundApps' regulatory monitoring and reporting platform to automate their global disclosure obligations for major shareholding, short selling, takeover panels and sensitive industries. The integrated service applies relevant legislation to ensure SimCorp clients continue to report correctly and on time to avoid the risk of fines.
Anders Kirkeby, Head of Open Innovation, SimCorp comments: "Nobody is in investment to do shareholding disclosure, but it is a requirement. With FundApps we offer a plug’n’play solution as a service. That means that you as an investment manager can focus your attention on other activities while FundApps and SimCorp look after the integration and reporting. FundApps is a fast-growing successful scaleup in this space and we already share a number of clients.”
Christof Bays, Head of Partnerships at FundApps adds: "SimCorp is the ideal partner with a rich history of innovation across the financial industry. Working together, SimCorp and FundApps can deliver tailored and efficient solutions to reduce compliance and operational risk and support with the stringent regulatory demands and expectations.”
David Wheatley, Offer Manager – Compliance, SimCorp comments: “This partnership with FundApps complements our existing shareholding disclosure capabilities perfectly. Through their automated regulatory threshold monitoring and comprehensive reporting capabilities, we jointly complete SimCorp’s long-held desire for a fully integrated workflow covering the entire end-to-end shareholding disclosure process.”
The collaboration with FundApps forms part of SimCorp's dedicated Open Innovation program. This has been created to deliver SimCorp clients enhanced innovation by leveraging the power and scale of a broad ecosystem of start-ups, fintechs, and cloud and data providers. Mutual clients will benefit from this new partnership as the operational solution enables them to conveniently and efficiently handle their reporting requirements globally, bringing faster time-to-value for the business and their clients without also taking on an IT integration project.
SimCorp provides integrated, best-in-class, multi-asset 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. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™ and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, 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, with regional offices across Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
Since 2010, FundApps has been committed to making compliance simple. With a vast rule library and a dedicated in-house legal and regulatory team, FundApps enables compliance teams to respond more efficiently to regulatory change, increase certainty and reduce complexity in the compliance process.
With offices in London, New York and Singapore, the company monitors over US$14 trillion in client assets with 1000+ users from compliance teams at asset managers, hedge funds, pension funds, sovereign wealth funds and banks around the world. To learn more, visit www.fundapps.co
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