The Bank of New York Mellon Corporation and SimCorp have this morning announced a working partnership that connects BNY Mellon's range of custody capabilities – including settlement, safekeeping, and cash and securities services – with SimCorp's integrated front-to-back investment management system, SimCorp Dimension.

They say the new connectivity provides mutual clients globally with enhanced operational efficiency and transparency in core investment processes, more efficient enterprise risk management, and increased speed to market for onboarding.

BNY Mellon and SimCorp say they will pursue a shared roadmap to deliver an open and integrated operating model, with enhanced custody information and improved operational efficiencies. Clients of both BNY Mellon and SimCorp will benefit from streamlined system-to-system data flows and optimized data sets across the investment lifecycle, which can be easily leveraged for greater visibility into transactions and positions.

The partnership aims to accelerate the optimization of typically manual investment workflows, such as settlement management, which continue to burden investment managers and asset owners. By delivering enhanced automation, the solution will lead to higher reconciliation match rates. This allows portfolio managers, operations teams and risk professionals across the buy-side to gain sharpened insights into the deployment of cash and securities.

Additionally, increased transparency and faster availability of corporate actions and tax reclaim data will drive more informed investment decision-making.

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The Bank of New York Mellon Corporation and SimCorp have this morning announced a working partnership that connects BNY Mellon's range of custody capabilities – including settlement, safekeeping, and cash and securities services – with SimCorp's integrated front-to-back investment management system, SimCorp Dimension.

They say the new connectivity provides mutual clients globally with enhanced operational efficiency and transparency in core investment processes, more efficient enterprise risk management, and increased speed to market for onboarding.

BNY Mellon and SimCorp say they will pursue a shared roadmap to deliver an open and integrated operating model, with enhanced custody information and improved operational efficiencies. Clients of both BNY Mellon and SimCorp will benefit from streamlined system-to-system data flows and optimized data sets across the investment lifecycle, which can be easily leveraged for greater visibility into transactions and positions.

The partnership aims to accelerate the optimization of typically manual investment workflows, such as settlement management, which continue to burden investment managers and asset owners. By delivering enhanced automation, the solution will lead to higher reconciliation match rates. This allows portfolio managers, operations teams and risk professionals across the buy-side to gain sharpened insights into the deployment of cash and securities.

Additionally, increased transparency and faster availability of corporate actions and tax reclaim data will drive more informed investment decision-making.