Terry Flynn, senior sales manager for SimCorp, stepped away from a gala event in New York fêting the winners of the 2016 FTF News Technology Innovation Awards to answer a few questions about its wins — Best Investment Book of Record (IBOR) Solution and Best Buy-Side Operations Solution — and the future of the company. In late April, Financial Technologies Forum (FTF) announced the winners of the awards competition and celebrated in mid-May.
Flynn says that SimCorp scored the winning votes for its awards in large part because of its commitment to key market segments.
“We are dedicated solely to the investment management space,” Flynn tells FTF News. “We dedicate 20 percent of our top line revenue back into the product — that’s about $60 million per year.”
While Flynn says SimCorp’s IBOR strategy has been validated by the FTF Awards victories, one of the challenges ahead for providers is to clarify their definitions for IBOR. Each vendor comes at it from its sweet spot, Flynn says. “We look at IBOR from an accounting lens,” he says. “We have a slightly different vantage point.”
CREDITS:
Video Production: Janene Knox and William J. Poznanski, Jr.
Interview conducted by: Eugene Grygo, chief content officer, FTF News
Co-Producers: Sarah Hathaway, vice president, Financial Technologies Forum (FTF) and Eugene Grygo
