Lupus alpha Business Solutions GmbH (labs) have expanded their product range in close cooperation with SimCorp. Based on SimCorp Dimension, labs offer a virtual front office solution for small and medium sized financial services providers, which do not operate own IT infrastructures. Using the Hosting Solution, which is based on the principle “software-as-a-service”, especially small asset managers, custodians and family offices are enabled to use SimCorp Dimension. “Due to high investment costs, particularly smaller financial institutions cannot afford to operate own IT infrastructures.
"With our Hosting Solution, we offer access to one of the most powerful applications in the financial sector," Matthias Biedenkapp, managing director of labs, explains. The development of this software-as-a-service solution was furthered especially by increasing requirements in the areas of compliance and reporting, as well as regulatory standards for financial institutions. "The interest of asset managers in a software solution that helps them master all regulatory requirements, has never been as intense as now," Biedenkapp comments. Instead of an entire IT infrastructure, all a client needs in order to operate the Hosting Solution by labs, is a computer and access to the internet. Clients are able to log in to and use SimCorp Dimension at any time via secure access.
The development of labs’ Hosting Solution is the result of a successful cooperation with Bad Homburg-based company SimCorp GmbH. The software solution SimCorp Dimension has successfully been applied by Lupus alpha Asset Management AG for more than nine years. An extension of the existing arrangements has enabled labs to offer the new service. Dr. Ralf Schmücker, spokesman for the management of Germany-based SimCorp GmbH, comments: "We are glad that the marked-leading portfolio management functionality of SimCorp Dimension is now offered by another one of our clients. This service offer is specifically directed to asset managers and custodians with a few billion assets under management."
Alongside access to SimCorp Dimension, the offer by labs includes customer services for market and master data, upcoming release-changes and the maintenance of interfaces to third-party systems. Furthermore, clients have the option to access all other labs products. For instance, the entire exchange of information between capital investment companies, custodians and brokers can be operated via labs' data warehouse. In combination with a self-service business intelligencetool, data can be analysed and presented in dashboards and reports.