|By Business Wire||
|February 5, 2013 03:00 AM EST||
SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced Jyske Bank, the second-largest independent bank in Denmark, has gone live with SmartStream’s TLM Corporate Actions solution.
Following a market review Jyske Bank implemented TLM Corporate Actions to gain control and visibility of their complete end-to-end corporate actions process. Corporate actions processing is highly complex and as volumes increase, managing the process and having a holistic view is critical for any financial institution. TLM Corporate Actions controls all data exceptions, milestone dates and key tasks associated with all events.
Troels Linderoth Lolck, Director, Head of Securities Services, Jyske Bank, stated: “The implementation was a quick and smooth process without any disruption to our day-to-day activities. We now have complete visibility, control and flexibility for all of our event processing requirements. We are very pleased to take on board the SmartStream TLM Corporate Actions product into our back office operations.”
The TLM Corporate Actions solution includes several additional modules such as Reference Data Manager, Event Manager, communications, election management, entitlement calculation and posting. With all modules working together seamlessly the corporate actions process is now poised to run faster, more accurately and with greater transparency.
Alan Jones, Product Manager, SmartStream Technologies said: “TLM Corporate Actions is now becoming the de facto corporate actions product in Denmark. We are delighted to be working with Jyske Bank as a partner to help them manage their corporate actions processes”.
Notes to Editors
About SmartStream Technologies
SmartStream Technologies is a recognised leader in financial transaction management software that enables firms to overcome critical transaction processing issues through increased automation.
SmartStream’s industry-leading automated match rates create more proactive, exceptions-based processes that lower the cost per transaction while enabling firms to reduce operational risk, strengthen compliance and controls, and improve customer service.
As a result, more than 1,500 clients, including 75 of the world’s top 100 banks, 8 of the top 10 asset managers, and 8 of the top 10 custodians rely on SmartStream Transaction Lifecycle Management (TLM®) solutions to deliver greater efficiency to their trading operations.
For more information about SmartStream and our solutions visit: www.smartstream-stp.com
About Jyske Bank
With 3,583 (full-time) employees, Jyske Bank is the second-largest independent bank in Denmark. We offer a full range of financial solutions to private customers and to small and medium-sized businesses. We offer other types of financial transactions through our subsidiaries Jyske Finans A/S and Nordisk Factoring.
Jyske Bank has a nationwide branch network and subsidiary banks and branches in other countries, among them Switzerland, Gibraltar and France. Banking with Jyske Bank should be a positive experience. Since 1997 we have made sweeping changes to the layout of our branches. The new branch model reflects added focus on customers and their individual needs. A total of 108 domestic branches and three divisional centres have now been refurnished in accordance with the Jyske Differences concept and the process is continuing.
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