Case Study: Bank of Thailand achieves greater operational efficiency and risk control with SimCorp Dimension

Bank of Thailand boosts STP rates 70% with SimCorp

The Bank of Thailand, the nation's central bank, faced a challenge in managing its rapidly growing foreign exchange reserves, which had increased from $32 billion to $220 billion. This growth created a need for greater operational efficiency and improved risk management. To address this, the bank selected SimCorp and implemented its SimCorp Dimension investment management platform.

By implementing SimCorp Dimension, the Bank of Thailand replaced four disparate systems and over ten manual processes. The solution from SimCorp delivered significant results, including a 70% increase in straight-through processing rates, a 50% reduction in time spent on reporting, and a 20% increase in automated compliance checks, providing a holistic view of reserves with greater governance.

Bank of Thailand