Danish Bank Implements Corporate Actions Solution From SmartStream

Danish bank Ringkjøbing Landbobank has selected implemented SmartStream’s TLM Corporate Actions solution to streamline its corporate actions processes.

Ringkjøbing Landbobank chose SmartStream’s solution to support its entire event management lifecycle needs and to meet ongoing regulatory requirements.

“We are delighted to have been selected by Ringkjøbing Landbobank,” says Alan Jones, product manager, SmartStream Technologies. “As they continue to experience growth in their customer market, corporate actions processing needs will only become more complex. It then becomes essential to manage and maintain control of operational costs – which is key for any bank in the current environment.”

The customised TLM Corporate Actions solution used by the bank will include additional modules for reference data management, event management, election management, entitlement calculations and posting.

“We are looking forward to working with the SmartStream team,” says Bettina Thomsen Bagger, head of Operations, Ringkjøbing Landbobank. “They have certainly proved their technology to be the number one provider in Denmark. This advanced automation will help us continue to achieve our key goal which is to further improve the service we provide to our local customer base.”