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SimCorp Dimension Risk Management from SimCorp
Comprehensive enterprise risk management covering market, credit, liquidity, and counterparty risk for fund managers; includes real-time risk analytics, scenario analysis, stress testing, and regulatory compliance tools.
Product analysis by function
Enterprise Risk Management Platforms for Risk & Compliance
Comprehensive systems that identify, assess, and manage various types of enterprise risks, including operational, reputational, strategic, and financial risks across the organization.
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Data Integration & Connectivity
(9 Yes /9 Known /10 Possible features)
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Multi-source data ingestion Ability to import data from multiple structured and unstructured sources. |
SimCorp Dimension supports ingestion of data from both structured and unstructured sources—explicit in product materials describing broad integration with external/internal data and market feeds. | |
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Real-time data feeds Supports real-time ingestion and updating of risk-related data. |
The platform includes real-time risk analytics and dashboards, indicative of real-time data feed support. | |
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API support Supports integration via APIs with third-party and internal systems. |
SimCorp Dimension provides API connectivity with third-party and internal systems. | |
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Batch data processing Supports scheduled, bulk updates and ingestion of data. |
Batch data processing is standard for institutional risk systems and SimCorp explicitly lists data imports and scheduled updates. | |
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Standard file support Ability to import/export data in common formats (CSV, XLS, XML, JSON). |
Standard file formats (CSV, XLS, XML, JSON) are supported per product data sheet and integrations. | |
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Data mapping and transformation Tools for mapping source data to the platform’s schema and transforming formats. |
Data mapping/transformation are explicitly described for customizable data pipelines when integrating internal/external systems. | |
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Data validation Automatically checks data for integrity and consistency upon ingestion. |
Automated data validation is mentioned as part of the ETL and integration workflows. | |
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ETL capabilities Supports extract, transform, load pipelines for managing data flows. |
ETL (Extract, Transform, Load) capabilities are a core part of the platform's enterprise offering, as referenced in integration materials. | |
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Cloud and on-prem connectivity Integrates with both cloud and on-premise systems. |
SimCorp Dimension is deployed in both cloud and on-premise environments for integration with client infrastructure. | |
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Scalability of data ingestion The maximum daily volume of data records that can be ingested. |
No information available |
Risk Analytics & Modeling
(9 Yes /9 Known /10 Possible features)
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Market risk calculation Ability to model and calculate exposure to market risks (e.g., VaR, stress tests). |
Market risk calculation, including VaR and stress tests, is a core feature per solution overview. | |
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Credit risk assessment Quantifies and manages risk exposure to counterparties. |
Credit risk assessment is included as a standard risk type in SimCorp’s risk module. | |
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Liquidity risk analytics Models fund ability to meet obligations and manage liquidity shocks. |
Liquidity risk analytics is a highlighted feature for fund management compliance and regulatory risk. | |
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Operational risk assessment Assesses risks from operational failures, including process, staff or system. |
Operational risk assessment is generally referenced in the platform, though the extent of automation is not deeply detailed. | |
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Risk scenario analysis Ability to run simulations for bespoke risk events. |
SimCorp provides risk scenario analysis and stress testing for modeling bespoke risk events. | |
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Custom risk factor modeling Users can define and implement custom risk factors and models. |
Custom risk factor modeling is offered, as users can define stress tests and scenario parameters. | |
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Model validation tools Provides tools to validate and backtest risk models. |
Backtesting and validation tools are referenced as part of their model governance and analytics suite. | |
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Historical risk simulation Allows replay of historical events for impact analysis. |
Historical scenario replay is implied in the ability to assess portfolio impact of past events. | |
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Risk aggregation (across portfolios) Aggregates risk metrics at multiple portfolio or fund levels. |
Risk metrics can be aggregated across entities, funds, or portfolios. | |
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Risk calculation speed The average time taken to complete a full risk calculation cycle. |
No information available |
Regulatory Compliance Management
(9 Yes /9 Known /10 Possible features)
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Regulatory rules library Comprehensive library of rules for key jurisdictions (e.g., SEC, ESMA, FCA). |
SimCorp maintains a library of regulatory rules for major jurisdictions—SEC, ESMA, FCA referenced. | |
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Automated compliance monitoring Automatically monitors transactions and holdings for breaches. |
Automated compliance monitoring for transactions and positions is standard for this class of ERM. | |
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Pre-trade compliance checks Detects potential compliance breaches before trades are executed. |
Pre-trade compliance checks are directly referenced in product compliance materials. | |
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Audit trails Captures all user and system actions for historical review. |
Audit trail is a fundamental capability as per compliance and system activity requirements. | |
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Compliance workflow automation Manages approval, exception, and escalation workflows digitally. |
Compliance workflow automation (including approval and exception handling) is referenced. | |
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Documentation management Stores, manages, and retrieves regulatory documents and disclosures. |
Documentation and regulatory document management cited in SimCorp materials. | |
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Automated regulatory reporting Generates and submits reports as per local and global requirements. |
Automated regulatory reporting tools for multiple regimes is explicitly offered. | |
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Regulatory change tracking Monitors and notifies on relevant regulatory changes. |
Regulatory change tracking referenced as part of RegTech tools within the system. | |
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Breach alerting and notification Sends real-time alerts for any compliance breaches. |
The system includes configurable breach alerting and notifications as standard compliance functionality. | |
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Number of supported jurisdictions Count of regulatory regions (countries) natively supported. |
No information available |
Reporting & Visualization
(8 Yes /8 Known /10 Possible features)
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Customizable dashboards Dashboards can be customized per user or role, with drag-and-drop widgets. |
The product’s UI can be customized by user, supporting custom dashboards and widgets. | |
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Real-time reporting Reports reflect the latest available data and calculations. |
Real-time reporting and dashboards presented as key differentiators. | |
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Scheduled report generation Ability to schedule delivery of regular reports. |
Scheduled recurring reports are supported as standard for institutional clients. | |
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Export to multiple formats Ability to export reports (PDF, Excel, HTML, CSV). |
Exports to XLS, PDF, HTML, and CSV supported per output documentation. | |
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Data visualization tools Offers graphs, heatmaps, and advanced visualization features. |
Advanced visualization (charts, heatmaps, etc.) provided within the reporting suite. | |
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Ad-hoc reporting Users can create custom reports without coding. |
Ad-hoc report building, including drag-and-drop UI, is available. | |
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Automated distribution System can automatically distribute reports to stakeholders. |
Automated distribution of reports to stakeholders through email and secure portals. | |
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Drill-down capabilities Users can drill down into data for detailed analysis. |
Drill-down analysis for further insight into numbers is built into the dashboard UI. | |
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Interactive visualization speed Average response time for rendering custom dashboard views. |
No information available | |
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Concurrent users supported for reports Maximum number of users that can access reports simultaneously. |
No information available |
Security & Access Control
(8 Yes /8 Known /10 Possible features)
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Role-based access control Assigns data and function permissions by user roles. |
Centralized management with RBAC; user roles/permissions are configurable. | |
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Single Sign-On (SSO) Integrates with corporate identity providers for access. |
Single Sign-On (SSO) support for integration with client identity providers is referenced. | |
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Multi-factor authentication Enforces additional security checks for user logins. |
Multiple authentication mechanisms, including multi-factor, are available. | |
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Data encryption (in transit and at rest) Encrypts sensitive data during transfer and storage. |
Data encryption both in transit and at rest is mandatory for this market segment and is referenced in documentation. | |
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Comprehensive audit logging Maintains detailed logs for all data access and changes. |
Comprehensive audit logging for data access and changes is available. | |
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User provisioning and de-provisioning Automates the onboarding and offboarding of users. |
User provisioning and de-provisioning workflows are automated via integrations. | |
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Granular permission settings Fine-tuned data and function-level access configuration. |
Granular permissions (down to data element or screen) are configurable. | |
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Data masking and anonymization Masks sensitive data fields for select users or roles. |
No information available | |
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Incident & breach detection Monitors and alerts on potential security incidents. |
Incident and breach detection are referenced as part of the system monitoring/reporting. | |
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Maximum concurrent user sessions Maximum user sessions that are allowed simultaneously. |
No information available |
Workflow & Task Automation
(6 Yes /6 Known /10 Possible features)
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Custom workflow builder Visually design and automate multi-step processes. |
Custom workflow builder for process automation is listed in workflow management features. | |
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Automated task assignment Routes tasks to responsible users based on defined criteria. |
Automated task assignment via workflow engine is available in SimCorp Dimension. | |
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Approval tracking Tracks approvals, signatures, and acknowledgments digitally. |
Approval tracking and audit trails are supported in digital workflow process. | |
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Notification and escalation rules Automated alerts and escalation when timelines are missed. |
Notification/escalation rules are included in workflow automation and compliance processes. | |
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Exception management Tracks and manages process exceptions and their resolutions. |
No information available | |
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Integration with communication tools Integrates with email, chat, or ticketing for notifications. |
System is capable of integrating with external messaging/email and ticketing systems. | |
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SLA tracking Measures and reports service-level agreement adherence. |
No information available | |
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Parallel processing of workflows Supports simultaneous execution of multiple workflows. |
Supports parallel workflow execution for efficient operations at scale. | |
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Number of customizable workflows Maximum number of custom workflows supported. |
No information available | |
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Workflow execution speed Average time to execute a typical workflow. |
No information available |
Audit & Monitoring
(7 Yes /7 Known /10 Possible features)
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Comprehensive activity logs Captures all system and user activities for review. |
Comprehensive activity logs are a standard compliance and monitoring feature. | |
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Automated exception logging Automatically records exceptions and unusual events. |
The system captures exception logs automatically; referenced in audit/monitoring. | |
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Change management tracking Monitors changes to data, rules, and configurations. |
Change management tracking of rule/configuration updates available. | |
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Periodic review scheduler Automates scheduling and reminders for audits and reviews. |
Periodic review scheduler is referenced for compliance review routines. | |
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Forensics and drill-back tools Allows detailed reconstruction and investigation of events. |
Forensics/drill-back for event investigation is available. | |
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Automated controls testing Regularly tests control effectiveness and documents results. |
No information available | |
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Exception alerting Notifies users of irregular events or failed checks. |
Exception alerting referenced as part of the platform’s audit/compliance toolkit. | |
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Audit report generation Automatically compiles and formats audit-ready reports. |
Audit report generation is included in regulatory and internal audit capabilities. | |
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Retention period for logs Duration for which audit logs are retained in the system. |
No information available | |
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Concurrent audit users supported Maximum number of auditors that can work simultaneously. |
No information available |
Performance & Scalability
(6 Yes /6 Known /10 Possible features)
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Horizontal scalability Easily scales out via additional computing resources. |
Platform is horizontally scalable as referenced in its suitability for large-scale fund management. | |
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Load balancing Distributes system load across multiple servers or nodes. |
Load balancing support for deployments at scale, indicated in system architecture briefs. | |
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Cloud-native architecture Designed for scalable cloud or hybrid deployments. |
Cloud-native deployment and hybrid models explicitly supported. | |
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High-availability configuration Supports failover and redundancy for resilience. |
High-availability configuration supported via redundancy/failover options. | |
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Disaster recovery options Provides built-in DR and data backup capabilities. |
Disaster recovery with backup/restore is referenced as standard offering. | |
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Concurrent users supported Maximum simultaneous users during peak usage. |
No information available | |
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Data throughput capacity Maximum volume of data processed per second. |
No information available | |
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Uptime SLA Guaranteed platform availability over time. |
undefined Uptime SLA is not public, but as a Tier 1 ERM, 99.9% uptime is industry standard; confirm with vendor for specifics. |
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Average page load time Typical time for loading key dashboards or modules. |
No information available | |
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Processing capacity per fund Number of funds/entities supported without degradation. |
No information available |
User Experience & Usability
(3 Yes /3 Known /10 Possible features)
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Intuitive user interface Interface is easy to navigate and learn. |
SimCorp UI praised for usability and intuitive navigation in several reviews and product demos. | |
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Mobile access Accessible on smartphones and tablets. |
No information available | |
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Contextual help Built-in help, tooltips, and guided tours. |
No information available | |
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Personalized homepages Users can set and modify their landing screens. |
No information available | |
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Internationalization/localization Supports multiple languages and regional formats. |
Internationalization/localization supported for multi-jurisdiction, multi-region clients. | |
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Accessibility features Compliant with accessibility standards (e.g., WCAG). |
No information available | |
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Custom notifications Users can configure notification settings. |
Custom notifications configurable per user/role. | |
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Keyboard and voice navigation Supports keyboard shortcuts and/or voice commands. |
No information available | |
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Average number of clicks to complete workflow Measures usability and process optimization. |
No information available | |
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Time to proficiency Average time required for new users to become proficient. |
No information available |
Vendor Support & Platform Maintenance
(8 Yes /8 Known /10 Possible features)
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24/7 technical support Vendor offers around-the-clock support services. |
24/7 global enterprise support offered by SimCorp support organization. | |
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Dedicated account manager Customers are assigned a specific contact from the vendor. |
Dedicated account managers are assigned for enterprise contracts. | |
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Proactive system monitoring Vendor monitors health and performance of client deployments. |
Proactive monitoring of client environments referenced in managed service documentation. | |
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Automatic software updates Platform receives regular, automatic patching and feature updates. |
Automatic software and regulatory updates are provided. | |
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Comprehensive documentation Up-to-date guides for administration, user, and integration support. |
Extensive documentation and guides maintained by SimCorp. | |
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User community and forums Access to community knowledge and peer support. |
Online user community and forums described on SimCorp website. | |
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Onboarding/training services Vendor offers user onboarding and ongoing training options. |
Onboarding and ongoing training are key components of client onboarding. | |
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Service Level Agreement (SLA) metrics Key metrics defined in the support contract. |
Service-level metrics tracked and defined contractually. | |
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Average issue resolution time Mean time to resolve client-reported production issues. |
No information available | |
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Frequency of major platform updates How often major feature or version updates are released. |
No information available |
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