FHL Bank partners with SimCorp 20 February 2024US Reporter: Jack McRae
Image: Denisismagilov
The Federal Home Loan Bank of Pittsburgh (FHLBank) has partnered with SimCorp to deliver cloud-based investment management and operations solutions.
The eight-year partnership will allow FHLBank to use SimCorp’s investment management platform, SimCorp Dimension, to simplify the bank’s day-to-day operations.
The solution will incorporate SimCorp’s specialised issuance and accounting processes.
John Cassidy, chief technology and operations officer at FHLBank, says: "SimCorp distinguished itself as the company most capable to execute our investment, data, operations and accounting strategy. SimCorp’s commitment to consistently developing solutions tailored to our system architecture were key considerations in our selection process.”
Oliver Johnson, chief revenue officer at SimCorp, adds: “This selection affirms our strategy of continuously reinvesting in our core platforms in a way that delivers innovative solutions which are purpose-built for our clients’ needs.”
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Image: Denisismagilov 