Bank of Thailand selects SimCorp Dimension for investment management
Thailand’s central bank, Bank of Thailand, has selected SimCorp Dimension as its new investment management platform to support reserve management and monetary policy operations of its $226 billion reserves.
The bank says by leveraging SimCorp Dimension’s IBOR (investment book of record) it can manage its end-to-end business processes.
The system will also be utilised to support financial risk management, performance and attribution, compliance, collateral management, settlement and accounting.
With the implementation, the bank will have a unified view of assets for risk assessment and compliance. Its cross-functional solution will enable the bank to “establish higher levels of process automation, scalability and agility to adapt to new, complex market conditions and demands”.
Last year, Sweden-based financial services group SEB chose Simcorp Dimension as its new back office platform.