The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Dutch Pension Fund Service Provider PGGM Centralises Data with SimCorp Data Warehouse

PGGM Vermogensbeheer, the second largest pension fund service provider in the Netherlands managing close to €200 billion worth of pension assets and operating as a cooperative with 686,000 members, has selected Simcorp’s data warehouse to centralise data for reporting and analytics. The co-operative first worked with SimCorp in 2006, when it implemented SimCorp Dimension for back-office accounting and settlements. It expects implementation of the company’s data warehouse to take nine months to a year.

PGGM will use the data warehouse to provide near-real time information on performance, analytics and benchmarks. Working with an existing reporting application from another vendor, the data warehouse will also support a move from a largely manual client and regulatory reporting process to an automated process including the ability to generate historical reports.

Marc van den Berg, chief operating officer at PGGM, explains: “SimCorp’s data warehouse solution serves as a central repository for all reporting and analytics data. The fact that we can source data directly from SimCorp Dimension as well as from other sources will enable us to further simplify the reporting process and increase accuracy and timeliness in reporting to stakeholders and regulators.”

Hans Otto Engkilde, managing director at SimCorp Benelux, says PGGM is similar to a number of the company’s local customers that initially implement SimCorp Dimension in the back-office and later move on to implement other elements of the company’s investment management suite. In terms of the SimCorp data warehouse, he says: “Our recent data warehouse successes with PGGM and other customers are a testament to the strength of our solution and its ability to streamline reporting, provide overview and, essentially, improve performance and reduce cost and risk.”

Related content

WEBINAR

Recorded Webinar: Best practices for regulatory reporting

Regulatory reporting has been a cost and resource burden for financial institutions for many years, with the race to compliance in a highly regulated market often leading to multiple, singular regulatory reporting solutions. Legacy systems add to the challenges of making reporting changes in line with adapted and new regulations. This webinar will address these...

BLOG

MAS Brings in Final Phase of OTC Derivatives Reporting Rules

The Monetary Authority of Singapore (MAS) has implemented the final stage of its reporting regulations for OTC derivatives under the Securities & Futures Act (SFA). This phase was delayed by a year due to the impact of Covid-19, with the final extension of new reporting obligations coming into force on October 1. The phased in...

EVENT

Data Management Summit London

DMS London brings together the European data management community to explore the latest challenges, opportunities and data innovations facing sell side and buy side financial institutions.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...