Försäkringsföreningen för det Statliga Området (FSO), a Swedish pension fund which manages pensions for state-employed, has decided to use SimCorp Dimension as their integrated system platform.
FSO will use SimCorp Dimension to handle the entire investment process, from analysis over performance reporting to cash management, accounting and compliance.
"We have chosen to implement SimCorp Dimension because we want to replace several applications with one integrated system thereby increasing the efficiency of our work processes", Gunnar Balsvik, managing director of FSO states. "Furthermore, due to SimCorp Dimension’s broad instrument coverage, we will now have the opportunity to extend our business scope and to handle risk analysis and market valuations covering both assets and liabilities on a daily basis", Balsvik adds.
Earlier this year SimCorp announced that it had entered into a co-operation agreement with TietoEnator in the Nordic region based on the envision that the two parties saw a potential to complement each other and thereby provide financial institutions with enhanced benefits and services due to closer integrated solutions and facilitated administration processes.
The contract with FSO, a former TietoEnator client, emphasizes this prediction. "TietoEnator has been very helpful in terms of introducing SimCorp and our product offering to FSO and this factor along with SimCorp’s well-established position in the Swedish market have resulted in this contract", says Arnt S. Eilertsen, managing director of SimCorp Nordic.
