Swedbank Robur Online with SimCorp for Solvency II
The new solution tackles calculation requirements under Solvency II's Pillar 1, as well as the more complex task of risk reporting and public disclosure under Pillar 3 of the European directive, which after significant delays is set to come into force fully in 2016, with interim measures affecting asset managers set to begin next year. Swedbank Robur is one of the first of SimCorp's extensive European-based, buy-side client base to adopt the solution.
"Our strategy is to maximize utilization of SimCorp Dimension by having the system support as many standard business processes as possible. The result ishigher data quality, lower operational risk and low maintenance cost. As it is an integrated part of our system setup, the solution can also be offered to our other clients," says Robert Hyltén-Cavallius, head of reporting at Swedbank Robur.
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