Sydbank, the fourth largest bank in Denmark, has selected SmartStream’s TLM Corporate Actions product.
Sydbank purchased TLM to automate their Corporate Actions processing and allow expansion of their customer base and transaction volumes without increasing headcount.
Egon Rohden, Vice President, Markets – Operations, Sydbank explained, “Sydbank is a Custodian for Danish securities for foreign banks. To continue to grow this business and provide an integrated and seamless service for our clients we needed to move from manual processes to an automated solution that would enable us to handle 15022 messages.”
SmartStream’s TLM Corporate Actions provides firms with a solution for Data Capture, Data Cleansing, Corporate Actions Processing and Accounting. The solution includes Reference Data Manager, Event Manager, Entitlements Manager and Voluntary Response Tracking – all of which combine to create a flexible approach to managing complete Corporate Action lifecycles.