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HomeBankingFHLBank of Pittsburgh selects SimCorp Dimension for investment management

FHLBank of Pittsburgh selects SimCorp Dimension for investment management

Date:

  • The Federal Home Loan Bank (FHLBank) of Pittsburgh has entered an eight-year agreement with Denmark’s SimCorp for its investment management platform, SimCorp Dimension.
  • FHLBank will use the platform to consolidate workflows in areas such as portfolio management, compliance, accounting, and debt issuance, allowing the retirement of legacy solutions.
  • SimCorp Dimension provides cloud compatibility and will support the bank’s letters of credit and advances through specialized issuance and accounting processes.
  • The move is part of SimCorp’s strategy to reinvest in its core platforms and expand its footprint in North America.

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