Case Study: Nordea reduces costs and boosts operational efficiency with SimCorp Dimension

Nordea cuts settlement STP from 85% to 99% with SimCorp

Nordea Savings & Asset Management, the leading Nordic asset manager, faced the challenge of reducing its operational costs while managing increasing complexity and volume. To achieve this, the customer partnered with vendor SimCorp to leverage its wall-to-wall IT solution, SimCorp Dimension, as the foundation for a global cost management strategy.

SimCorp's solution enabled Nordea to centralize and standardize its operational processes, automate workflows, and implement key performance indicators for tracking efficiency. This initiative, powered by SimCorp's platform, resulted in a significantly reduced operational cost base. Measurable impacts included an improvement in straight-through-processing rates from 85% to 99% and a substantial increase in the number of trades handled per employee, proving the strategy's success.

Nordea