Danske Bank Implements SmartDX

Danske Bank Implements SmartDX
29.04.2016 12:30 pm

Danske Bank Implements SmartDX

Banking , Infrastructure

SmartDX, from the Smart Communications division of Thunderhead announced that Danske Bank, the largest bank in Denmark and a major retail bank in the northern European region, with over 3.5 million customers, has selected SmartDX to manage their derivative trade confirmation processing. SmartDX is the industry standard for automating trade and relationship document generation and negotiation in the Capital Markets.

SmartDX has been chosen to replace Danske Bank’s current trade processing solution, HP Scrittura, which has recently been announced as end-of-life. Prior to choosing SmartDX, Danske Bank conducted a review of the market to ensure that they chose a best-in-class solution that would improve document efficiency and time-to-market when compared to its current solution.

“Our new solution had to be an improvement over what we have today. SmartDX will let us reduce templates managed by about 60% while supporting documentation in five languages and across multiple channels,” said Michael Lærkesen Holm, Development Director at Danske Bank. “Overall, Danske Bank and our customers will benefit as we’ll shrink document development lead times to further reduce our time-to-market for new products.”

“We’re proud Danske is the latest bank to join the Capital Markets community using SmartDX,” said Robin Moody, Head of Capital Markets, SmartDX. “We know the exit of HP Scrittura has placed significant pressure on a number of banks. SmartDX is poised to help the affected institutions, like Danske Bank, who need to rapidly move solutions to manage and improve trade confirmations processing while remaining compliant to ever tightening regulations.”

Related News

Financial services organisations are not prioritising compliance in their modernisation efforts – new report from Advanced reveals

Just 6% of financial services organisations say it’s essential for them to modernise their legacy systems to meet current regulatory and legislative demands. This surprisingly... Read more »

Andigo Scholarship To Award $12,500

Andigo Credit Union, based in Schaumburg, IL, announced five college-bound high school seniors as recipients for the 2020 Andigo Scholarship Program. The... Read more »

Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding ... Read more »

Meniga closes a €8.5m strategic investment round led by Groupe BPCE, Grupo Crédito Agrícola & UniCredit

Meniga, a leading provider of digital banking technology for the world’s largest banks, has closed a €8.5m strategic investment led by customers Groupe BPCE, the second-largest... Read more »

Finantix CIO Cockpit digitises and accelerates key Investment Office processes

Finantix, the leading global provider of trusted technology to the wealth management,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel