Technology
SimCorp Partners With Due Diligence Software Firm
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Due diligence processes in asset management can be intensely laborious. A firm using digital technology to improve efficiency is partnering with SimCorp.
SimCorp, which
provides software-as-a-service investment management solutions,
is partnering with Diligend, which offers due diligence
software.
The collaboration will allow SimCorp clients to turn due
diligence activities from a compulsory activity into a powerful
operational process, the firm said.
Clients will be able to identify and manage risks in the
investment process with qualitative data gathering and analysis
before, during and after making an allocation, it continued.
Diligend offers two solutions: Diligend Collect, for asset owners
and allocators conducting due diligence or collecting and
aggregating ESG metrics; and Diligend Respond, for asset
managers and general partners responding to due diligence
requests.
"Automation is a key trend in the financial industry and at
SimCorp, we have spent decades streamlining and digitalizing
business workflows for our clients,” Hugues Chabanis, head of
strategic initiatives at SimCorp, said. “Ultimately, the strong
pairing of SimCorp’s and Diligend’s expertise areas will enable
our clients to rely less and less on manual work for their data
management operations, and focus more on their core value-adding
tasks: utilizing and leveraging data insights.”
Amongst its clients, Diligend works with some of the world’s
largest asset owners. It has a combined $19 trillion in assets
under management and over 5,000 monthly users.