SimCorp selects Alkymi as platform for automation

We’re pleased to share that Alkymi has partnered with SimCorp to launch a new machine-learning initiative. SimCorp is a leading provider of investment management solutions and services to global financial services companies.

News highlights:

• Many investment firms are currently buckling under a number of operational constraints, including the burden of processing unstructured data.
• In a 2019 industry survey conducted by InvestOps, data collection (46%) and efficient processing of unstructured data (41%) were cited as the top two challenges European investment firms faced. There were similar findings echoed in the North American version of the survey.
• The partnership between SimCorp and Alkymi will deliver the following benefits to institutional investors:
• Remove arduous and data manual collection and processing of unstructured documents such as investor notices and quarterly/annual reports.
• Enable an efficient end-to-end workflow that makes data visible and accessible in real-time.
• Facilitate more informed investment decision-making in the front office, e.g. a better understanding of portfolio risk and exposure, and faster reporting in the back office.
• Eliminate the need for outsourcing and maintain exclusive control and security over proprietary data.

SimCorp will also take an investment stake in Alkymi.  Read the full article at simcorp.com