SimCorp has launched its enterprise solution SimCorp Dimension in the Luxembourg market.

“Financial institutions need to act in today’s financial markets in the secure knowledge that their operations are backed up by a software solution equipped to meet post-crisis requirements,” says Troels Jensen, managing director of SimCorp Benelux. “SimCorp and SimCorp Dimension can help them meet and overcome these challenges.”

Introducing SimCorp Dimension to Luxembourg, one of the largest financial markets in the world, will enable SimCorp to support the Luxembourg fund industry in meeting the challenges they are facing. Current SimCorp Dimension clients in Luxembourg include Nomura Bank and Nordea.

SimCorp’s front to back enterprise system, SimCorp Dimension, is an integrated, automated, single database solution that aims to meet the requirements in the market by offering sustainable cost reduction, holistic risk mitigation and a scalable platform enabling growth. SimCorp Dimension’s IT infrastructure reduces the risks inherent in maintaining internal interfaces and labour intensive reconciliation processes between different internal systems, and its transparent architecture significantly reduces risk associated with counterparties, major defaults and governance.