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Nykredit creates central data hub with Cadis platform

Data management at heart of Nordic bank’s risk strategy

Nykredit, one of Denmark’s leading financial groups, has gone live with the Cadis EDM platform. Cadis, the global EDM specialist, has been selected as the central data hub that puts high quality, highly visible data management under the control of the risk group.

“Nykredit runs the largest collateralized mortgage book in Scandinavia and so access to a centralised hub that delivers accurate auditable and verified data is paramount,” said Daniel Simpson, CEO at Cadis. “Its operations incorporate a multitude of user groups many with quantitative activities requiring high levels of quality mastered data fully audited and highly available. The Cadis platform gives them this and an unparalleled bird’s eye view of all their activities.”

“The Cadis implementation enables us to control sources of data as well as move away from a tactical, siloed structure. We expect to decrease our manual operational activities having data automatically feeding into the Cadis platform,” said René Baht-Hagen, Head of Market & Counterparty risk, Nykredit. “The level of transparency we have now is a real differentiator for us.”