SimCorp has released version 5.0 of its integrated enterprise software for investment management, SimCorp Dimension, today.
The new release introduces full 64-bit application support, enabling a quantum leap in data processing capability and enhanced functionality for credit risk calculation and collateral management.
In accordance with the firms semi-annual release schedule, SimCorp Dimension 5.0 features new developments and major enhancements to meet the ever-growing demands of the industry and support clients in mitigating risk, reducing cost and preparing for growth.
As the industry is still trying to recover from the financial crisis, many investment management firms are looking to increase system stability and position themselves for future growth, Torben Munch, COO of SimCorp, says. Faced with increasing demands for greater transparency and mounting regulatory requirements, firms are in need of better performance and data processing capacity. With the latest release of SimCorp Dimension version 5.0, we introduce native 64-bit application support, which enables even the most demanding clients to grow without any technology restrictions.
The transition to 64-bit moves the theoretical limit per process from two gigabytes to eight terabytes, thus providing ample headroom for the foreseeable future.
(CM)