The securities services business of BNP Paribas has expanded its strategic partnership with SimCorp, a provider of SaaS investment management solutions, to offer insurance accounting and reporting solutions integrated with its custodian and banking services.
This collaboration leverages SimCorp’s new SaaS solutions for investment operations and accounting services, and is built on the companies’ longstanding partnership, which includes the use of SimCorp Dimension across BNP Paribas’s front-to-back investment value chain. Both companies have reinforced their connectivity and service integration to broaden the range of services delivered to asset owner clients. SimCorp’s Asset Service Hub will provide data interoperability between BNP Paribas’ suite of banking activities and SimCorp’s accounting platform and investment accounting services. Institutional clients will experience a faster and smoother onboarding process with standard protocols proven with live clients. SimCorp and BNP Paribas currently have three common clients live with the service, and the two partners will leverage best practices to streamline the framework for further onboarding of clients.