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".