American Century ditches legacy back-end for SimCorp

The Dimension application is designed as a modular front-to-back investment management platform covering functions such as trading and compliance, portfolio management, risk management, post-trade processing and fund accounting. However, American Century opted to deploy the system primarily from an accounting and reporting standpoint, according to Merele May, vice-president of investment operations at the manager.

American Century had previously outsourced accounting for its mutual fund operation

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