About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Jyske Bank Selects SmartStream Corporate Actions Solution in Back-Office Refit

Subscribe to our newsletter

Denmark’s Jyske Bank has gone live with SmartStream’s TLM Corporate Actions solution after a back-office technology refit that exchanged legacy systems with back-office platforms from Danish IT solutions provider Bankdata.

The bank, the second largest independent bank in Denmark, went into production with the Bankdata and SmartStream systems in October 2012. It reviewed other corporate actions solutions in the market and Bankdata modules before selecting SmartStream to automate reconciliation and corporate actions management that had previously been handled manually. SmartStream has worked with Bankdata at a number of banks in the region, allowing Jyske to consider other client references and achieve a smooth implementation of SmartStream corporate actions on the Bankdata platform.

Troels Linderoth Lolck, director, head of securities, at Jyske Bank, says: “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.”

The TLM Corporate Actions solution includes modules such as reference data manager, event manager, communications, election management, entitlement calculation and posting to support fast, accurate and transparent corporate actions management, and deliver benefits of cost and resource reduction, as well as reduced operational risk and reputational risk as a result of failing to capture any corporate actions events.

Alan Jones, product manager at SmartStream, says Jyske Bank is one of many banks in Denmark using TLM Corporate Actions and suggests the region is buoyant for the company on the basis of its references and relationship with Bankdata.

Looking forward, the company is monitoring regulatory changes that could affect corporate actions management and is ready to adopt ISO standard 20022, the next standard for corporate actions messaging, once clients choose to adopt it. It is also preparing for updates to the more prevalent ISO 15022 standard that will be finalised in June and go into production in November 2013. As well as working on technical developments, the company continues to push the Event Management on Demand service it introduced in September 2011 into the market, offering automated event management in the cloud as a foundation for users’ in-house corporate actions solutions.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Overcoming Data Challenges of Rapidly Evolving ESG Space: ESG Data and Tech Briefing Preview

The rapid maturation of ESG data integration and utilisation within financial institutions has forced them to invest in new technology and data management processes. The rate of change, however, has been a challenge for some organisations, which have struggled to put in place the necessary capabilities to absorb, order and deploy such large volumes of...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...