BNP Paribas Securities Services has deployed SimCorp’s solution to manage accounting operations on behalf of its clients.
The platform, SimCorp Dimension, will also enable BNP Paribas Securities Services to manage its integrated accounting offering, as well as other services in its comprehensive product suite, the technology vendor said.
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Philippe Ricard, global head of asset and fund services at BNP Paribas Securities Services, said: "Our focus on building flexible solutions for our clients led us to selecting SimCorp Dimension. Implementing SimCorp Dimension will help us further automate and streamline accounting processes in order to better support our institutional customers."
Emmanuel Colson, managing director at SimCorp France and Western Europe, commented: "We are delighted to welcome BNP Paribas Securities Services to our client community. We are pleased that SimCorp’s large continuous investments in R&D enable us to provide a flexible, modular and automated solution that BNP Paribas Securities Services can rely on to strengthen its position."
SimCorp said that its solution was selected after a rigorous evaluation process conducted to validate the solution’s performance and functional relevance to BNP Paribas Securities Services’ key objectives.
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