BankingBusinessCloud

FHLBank of Pittsburgh selects SimCorp Dimension for investment management

  • 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.
Previous article
Commerce Bank taps Temenos for loan origination solution
Next article
Microsoft invests in yet another AI company
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Visa Strengthens Role as Super Validator in Canton Network

Visa's new position enhances blockchain transaction verification in the Canton network. Highlights: Visa becomes a super validator within the...
FinTech

Monument Bank to Tokenise Retail Deposits, Enhancing Digital Banking Access

New initiative aims to modernize retail banking and improve deposit management. Highlights: Monument Bank plans to tokenize retail deposits...
FinTech

Solaris Aims to Become Europe’s First AI-Native Bank

The German fintech introduces AI-driven banking solutions for a modern banking experience. Highlights: Solaris plans to introduce AI-driven banking...
FinTech

ECB Board Member Advocates for Digital Euro Adoption

The move aims to modernize the Eurozone's financial system. Highlights: ECB Board Member calls for the urgent implementation of...