- 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.
