Case Study: Belfius Bank streamlines front-office investment management with SimCorp Dimension

Belfius Bank cuts mandate setup by 3 to 6 months with SimCorp

Belfius Bank, a leading bank in Belgium, faced challenges with an outdated proprietary system that relied on too many manual processes and integrations. Seeking to streamline its front office operations for private banking and wealth management, the bank initiated a search for a new portfolio management system. They selected the SimCorp Dimension platform from vendor SimCorp to consolidate their front and middle office activities, including investment book of record (IBOR), trading, and compliance.

The implementation of SimCorp's integrated solution provided Belfius Bank with a single view of the trade lifecycle and straight-through processing. This resulted in significant reductions in manual processing and risk, while enabling faster time-to-market for new client mandates by three to six months. The bank also gained enhanced scalability and easier handling of complex instruments and regulations. SimCorp was praised for its collaborative partnership and realistic implementation approach.

Belfius Bank