SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that its IBOR solution was the winner of the Best Buy-Side IBOR (Investment Book of Record) Platform at the Buy-Side Technology Awards 2015, hosted by Waters Technology Magazine. This accolade follows on from SimCorp's success in winning the same category at last year's awards.
SimCorp’s IBOR is an integrated solution covering the front-, middle- and back-offices, helping asset managers get a ‘golden copy’ of data, a unified view of all up-to-date positions. The IBOR has revolutionized the business operations of some of the world’s largest asset managers, who rely on the solution to bring together disparate data sources and provide a timely, accurate overview of risk exposure – a single source of truth.
While the term IBOR may have initially seemed a buzzword, the concept has become increasingly prevalent industry-wide and across the globe. Firms such as M&G Investments (£269.7bn AUM) and Groupama Asset Management ($116bn AUM) have chosen SimCorp's IBOR solution in the previous 12 months. Early adopters include Edmond de Rothschild Asset Management in France and BMO Global Asset Management in North America.
The awards were judged by five independent buy-side-focused technology consultants as well as senior editorial staff from Waters Technology. The key factors determining the success of an entry were the tangible business benefits offered by an IBOR that provide user firms with a competitive advantage.
Klaus Holse, CEO, SimCorp, said: “IBOR is now recognized globally as the critical competitive tool for asset management firms as it ensures investment decisions are based on complete and synchronised data. We have invested heavily in developing our IBOR platform so that it responds to the biggest challenges facing the industry. We can now proudly say that over 170 investment management firms, including 20% of the top 200 asset managers globally, have invested in this approach. Being recognized in this prestigious industry forum yet again is extremely important to us.”
Victor Anderson, Editor, Waters Technology, said: “The Buy-Side Technology Awards recognize the leading technologies and vendors providing cutting-edge offerings to cater to the buy side’s evolving needs in light of the ever-demanding regulatory environment. We were impressed by the quality of this year’s entries, which illustrates the expanding capabilities and role an IBOR plays in the investment management process.”