Wells Fargo Chooses SimCorp Solution
Wells Fargo Bank NA, a subsidiary of Wells Fargo & Company, has extended its usage of SimCorp Dimension. With Wells Fargo & Co’s acquisition of Wachovia Corporation in 2008, the bank also acquired Wachovia’s installation of SimCorp Dimension. The solution has now been chosen to be the future system for the combined entities.
Wells Fargo will use the solution for its accounting and back office operations for its US mortgage backed portfolios, and will consolidate multiple systems onto SimCorp Dimension.