SimCorp, an independent provider of software-as-a-service (SaaS) investment management solutions, has teamed up with indices and analytics provider Qontigo, a part of the Deutsche Börse Group, to expand its offerings for the buyside industry.
The partnership forms an integral part of SimCorp’s Open Platform, which is designed to democratize access to industry innovation and simplify vendor management. It offers clients a fully managed portfolio optimization, risk management and modelling services.
Today, asset managers and asset owners license multiple portfolio optimization tools to gain a competitive edge in an otherwise low-yield market. However, the sheer choice in the market, coupled with time-consuming and expensive maintenance of multiple-system integration, is draining resources and diverting attention away from the core business, SimCorp notes.
The company’s Open Platform addresses the market need for full-service innovation by hand-picking solutions from the best fintech and industry providers in the field. These solutions are wrapped within an end-to-end managed integration and connectivity service, SimCorp adds.
Clients can now integrate Qontigo's Axioma Equity Factor Risk Models, Axioma Portfolio Optimizer and Axioma Risk directly within SimCorp’s platform and through standardized application programming interfaces (APIs). The combination of these solutions with SimCorp Dimension is aimed at enhancing the investment decision-making process.
Anders Kirkeby, head of open innovation at SimCorp, comments: “Our ambition is to provide a strong selection of partners across the industry, giving clients easy access to innovative solutions, while maintaining secure and consistent data across the value chain. The approach we have taken is to offer optionality over championing one provider in a given space. We’ve done this, for the simple reason that it delivers the flexibility clients need to drive competitive edge and long-term sustainable growth, with SimCorp as the backbone.”