20 October 2017

Danske Bank live with Algo Collateral

08 May 2003  |  3481 views  |  0 Danske Bank live with Algo Collateral

Denmark's Danske Bank has implemented Algo Collateral from Toronto-based Algorithmics to support the expansion of its margining activities and collateralised counterparties.

Algorithmics says it has also worked with the bank to develop a new function in Algo Collateral that allows the solution to recognise already authenticated database users to its operating system.

Søren Bolvig, project manager, Danske Bank, says: "Algo Collateral allows us to open up new lines of business with minimal outlay of additional technical or financial resources."

Danske is the first Scandinavian bank to run Algo Collateral in production and is currently investigating the software's ability to host straight-through processing.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Anatomy of a systems failure: Danske Bank turns spotlight on DB2

Anatomy of a systems failure: Danske Bank turns spotlight on DB2

03 April 2003  |  5935 views  |  0 comments
New York hedge fund rolls out Algo Collateral system

New York hedge fund rolls out Algo Collateral system

19 March 2003  |  3406 views  |  0 comments
Danske Bank to compensate customers after systems break down

Danske Bank to compensate customers after systems break down

14 March 2003  |  4008 views  |  0 comments
Helaba selects Algo Collateral package

Helaba selects Algo Collateral package

12 March 2003  |  3095 views  |  0 comments
Algo Risk launched over Bloomberg

Algo Risk launched over Bloomberg

10 March 2003  |  10536 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.fivedegrees.nlvisit www.atos.net

Top topics

Most viewed Most shared
satelliteGates Foundation backs Ripple collaboratio...
8394 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8208 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7370 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6747 views comments | 10 tweets | 21 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6408 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job