Denmark’s Jyske Bank has gone live with SmartStream’s Transaction Lifecycle Management (TLM) corporate actions software covering all data exceptions, milestone dates in the trading calendar and key tasks such as updating shareholders about boardroom elections and communicating profits and portfolio calculations.
The installation at Jyske Bank is expected to make the corporate actions process at the Danish bank run faster, more accurately and with greater transparency, while also adding more capacity. Several additional TLM modules, such as a reference data manager and entitlement calculation tool, have been added to the core system to improve its functionality and scope of operations.
Commenting on the installation in January, Troels Linderoth Lolck, a director and head of securities services at Jyske Bank, said: “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.”