NEW YORK, Nov. 7, 2016 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that its IBOR solution has won Best Buy-Side IBOR (Investment Book of Record) Platform at the Buy-Side Technology Awards 2016, hosted by Waters Technology. This accolade marks the third consecutive year that SimCorp has won the award since it was introduced in 2014.
SimCorp's IBOR is an integrated solution covering the front-, middle- and back-office. It ensures that asset managers have a complete overview of their operations by providing them with reliable, event adjusted and up-to-date positions data - one source of truth required to make more informed investment decisions. In the last year alone, a number of large investment management firms signed up to use SimCorp's solution, including KBC Asset Management, Exane Asset Management and several North American firms. The Buy-Side Technology awards were judged by five independent buy-side-focused technology experts 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: "The IBOR is at the core of our integrated solution and we continue to develop its functionality, helping firms to make well informed investment decisions based on accurate and timely analysis of complex data. Our third consecutive award win is certainly testament to this and we are delighted to be recognized as a leading provider of solutions to the investment management industry."