This is the first of a two-part FTF Exchange podcast with James Corrigan from SimCorp North America.
A key aspect of the SimCorp business model — reinvesting 20 percent of its revenues into product development every year — makes innovation a vital reality for the investment systems solutions provider, says James (“Jamie”) Corrigan, executive vice president and managing director for SimCorp North America via an FTF Exchange podcast.
This is the first part of a podcast chat with Corrigan who tells FTF News why he thinks the company won the Best Buy-Side Enterprise Solution award for 2020 via the FTF News Technology Innovation awards competition. (The 2021 FTF Awards process has recently launched: http://bit.ly/3pxUKEc ).
“Fundamentally, when you do that [reinvestment] over time it drives a lot of innovation,” Corrigan says. “By doing that in an independent way as a publicly traded company, we’re not fighting for capital allocation as part of a conglomerate software firm, or a bank, or optimizing for profit the way that sometimes PE [private equity]-backed firms are operated … You deploy that business model, and it allows you to drive innovation with our clients. That leads us to a constant cycle of evolution.”
The podcast also drills down on what a constant cycle of evolution means, including the challenge of constructing the right data model and optimizing relationships with other providers. Corrigan also gives us a sense of what’s ahead for SimCorp.
Beyond this first part, there is more of our chat with Corrigan. Later this week we will be posting the second part of the podcast, which focuses on the Ops challenges of multi-asset portfolios, among other issues.