Jyske Bank Live with SmartStream’s TLM Corporate Actions Solution
LONDON -- February 5, 2013
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:
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
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 of108 domestic
branches and three divisional centres have now been refurnished in accordance
with the Jyske Differences concept and the process is continuing.
Media Relations Director
Tel +44 (0) 7801 590718
Senior Marketing Manager
Tel: +44 (0) 20 7898 0630
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