The largest Danish trust corporation for pension funds, PKA, has selected SimCorp Dimension to handle all front-to-back operations including authority reporting. Based on a comprehensive selection process PKA has entered into an agreement with SimCorp and has licensed SimCorp Dimension, which will substitute a number of systems within PKA and also replace internal system development. Due to the complexity of their requirements, PKA found that SimCorp was the only vendor that could fulfil all its needs. The automation of SimCorp Dimension, the straight-through processing capability and the broad coverage of instruments and functionality will position PKA to meet future requirements. With this agreement SimCorp further strengthens its position in the Nordic market.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.