The World Bank has chosen SimCorp’s middle and back office solution SimCorp Dimension for its settlement, fund administration and corporate actions.
SimCorp Dimension will also be facilitated by The World Bank for asset management, collateral management, cash and securities management, investment accounting, reconciliation, performance management, risk, data warehouse interbank offered rates and general ledger.
The agreement was signed in late 2018.
James Corrigan, executive vice president and managing director of SimCorp, North America, said: “We feel very privileged to support the goals of The World Bank and their investment management operations with our intuitive multi-asset platform.”
He added: “This is another example where we partner with our clients to modernise balance sheet operations and ultimately optimise investment decision-making for future growth.”
