SimCorp collaborates with buy-side firms to launch data service
06 April 2020 Copenhagen
Image: Shutterstock
SimCorp has launched Datacare, a new managed data service, in collaboration with buy-side firms, including Zurich Insurance.
The front-to-back solution, which was developed with several buy-side institutions within the SimCorp Gain client community, will provide best practice guidance and change management support.
SimCorp explained that it will help customers to get a true handle on the volumes of data they hold and stay on top of any industry, regulatory and market data changes that may impact their business operations.
As a result, firms will benefit from improved operational agility, reduced costs, and will also be “empowered with an analytical tool for alpha generation”, according to SimCorp.
Michael Kopf, COO of the investment management function of Zurich, commented: “By having a trusted service provisioning day-to-day, standardized, but critical externally sourced data, we can now focus our resources on advanced data-driven opportunities for Zurich’s Investment Management. As SimCorp rolls Datacare out and builds a community of clients on the platform, we are confident that we will achieve the scale and outcomes desired, which we could not have achieved on our own.”
Josef Sommeregger, managing director for SimCorp Gain, cited: “By channelling into our clients’ operations and closely understanding and addressing the day to day data challenges they face, we believe Datacare can make a significant impact, eliminating the data headache that has persisted in buy-side investment operations for so long.”
The front-to-back solution, which was developed with several buy-side institutions within the SimCorp Gain client community, will provide best practice guidance and change management support.
SimCorp explained that it will help customers to get a true handle on the volumes of data they hold and stay on top of any industry, regulatory and market data changes that may impact their business operations.
As a result, firms will benefit from improved operational agility, reduced costs, and will also be “empowered with an analytical tool for alpha generation”, according to SimCorp.
Michael Kopf, COO of the investment management function of Zurich, commented: “By having a trusted service provisioning day-to-day, standardized, but critical externally sourced data, we can now focus our resources on advanced data-driven opportunities for Zurich’s Investment Management. As SimCorp rolls Datacare out and builds a community of clients on the platform, we are confident that we will achieve the scale and outcomes desired, which we could not have achieved on our own.”
Josef Sommeregger, managing director for SimCorp Gain, cited: “By channelling into our clients’ operations and closely understanding and addressing the day to day data challenges they face, we believe Datacare can make a significant impact, eliminating the data headache that has persisted in buy-side investment operations for so long.”
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