SEB to consolidate investment management ops with Simcorp Dimension
Sweden-based financial services group SEB has selected Simcorp Dimension as its new back office platform for transaction processing, reconciliation, settlement, accounting and derivatives processing.
Simcorp says the new back office solution “is the cornerstone of a consolidation strategy aiming to optimise SEB’s operating model by providing a leaner, more efficient system architecture”.
Simcorp Dimension is already running at SEB’s branch in Denmark. It will now be implemented group-wide.
The two partied signed a subscription-based license agreement.