AT A GLANCE
​​
Client Profile
Major US Bank
​​​​​​
AUM
$2+tn
​​​​​​
Core Service
Re-Implementation of an existing SimCorp One installation
​​​​​
Key Outcome
Significant Improvements in system performance
Technological Constraints
This case study details the SimCorp Re-Implementation for a Major US Bank with an AUM of $2 trillion.
Since their initial SimCorp Dimension implementation in 2010, the client had accumulated a series of inefficient processes and patchwork solutions.
The major challenges included end-of-day processes running critically late, often extending into the next morning or even the afternoon, and the system being burdened with large volumes of obsolete data that could not be purged.
This technological stagnation, due to past decisions and suboptimal setups, prevented the bank from leveraging new SimCorp features and updates, creating a complex and difficult-to-manage ecosystem of workarounds.
Transformation Values
Dimensional Community executed a strategic system re-imagination to break free from these legacy constraints and implement a modern, flexible system architecture.
The transformation successfully addressed the accumulation of inefficient processes and data issues.
Completed on time and within budget, the reimplementation yielded significant performance and efficiency improvements.
The results delivered dramatic business value, including a 500% improvement in system performance and a streamlined overnight process that eliminated the critical delays.
Furthermore, the project achieved a 30% cost reduction and a 2% revenue increase, establishing a dynamic technological platform capable of supporting the bank's long-term growth and future digital transformation strategies.