SmartDX will be rapidly implemented to replace HP Scrittura for Danske Bank’s generation of business critical trade confirmation documentation
LONDON and COPENHAGEN – April 28, 2016 – SmartDX, from the Smart Communications division of Thunderhead, has today announced that Danske Bank, the largest bank in Denmark and a major retail bank in the northern European region with over 3.5 million customers, has selected SmartDX to manage their derivative trade confirmation processing. SmartDX is the industry standard for automating trade and relationship document generation and negotiation in the Capital Markets.
SmartDX has been chosen to replace Danske Bank’s current trade processing solution, HP Scrittura, which has recently been announced as end-of-life. Prior to choosing SmartDX, Danske Bank conducted a review of the market to ensure that they chose a best-in-class solution that would improve document efficiency and time-to-market when compared to its current solution.
“Our new solution had to be an improvement over what we have today. SmartDX will let us reduce templates managed by about 60% while supporting documentation in 5 languages and across multiple channels,” said Michael Lærkesen Holm, Development Director at Danske Bank. “Overall, Danske Bank and our customers will benefit as we’ll shrink document development lead times to further reduce our time-to-market for new products.”
“We’re proud Danske is the latest bank to join the Capital Markets community using SmartDX,” said Robin Moody, Head of Capital Markets, SmartDX. “We know the exit of HP Scrittura has placed significant pressure on a number of banks. SmartDX is poised to help the affected institutions, like Danske Bank, who need to rapidly move solutions to manage and improve trade confirmations processing while remaining compliant to ever tightening regulations.”
About Danske Bank
Danske Bank is a Nordic universal bank with strong regional roots and bridges to the rest of the world. We serve more than 3.5 million personal, business and institutional customers, and in addition to banking services, we offer life insurance and pension, mortgage credit, wealth management, real estate and leasing services and products.
Our vision is to be recognised as the most trusted financial partner. We are driven by a desire to make important financial decisions and daily banking easy, and our aim is to create long-term value for our customers and investors and the societies we are a part of. Danske Bank is headquartered in Copenhagen and is listed on Nasdaq Copenhagen.
SmartDX, from the Smart Communications division of Thunderhead, is the industry standard for automating trade and relationship document generation, processing and collaboration in the Capital Markets. Trusted by all of the G15 investment banks and some of the world’s largest energy and commodity companies, SmartDX helps simplify the negotiation and execution of trade and relationship documentation for all market participants, across all document types, asset classes and product types.
SmartDX, from the Smart Communications division of Thunderhead, serves its global customer base from offices located in North America, Europe and Asia Pacific.
About Smart Communications™
Businesses around the world engage with their customers and each other everyday. As communications and interactions with customers and partners become more complex, businesses now recognize that communications increasingly take place in an interactive and real-time context and are critical to success. The Smart Communications suite of solutions helps businesses to move beyond traditional enterprise communications using the most modern architecture and cloud capabilities.
Today, hundreds of brands globally from a diverse range of demanding industry segments including banking, insurance, government, retail and telecoms are using Smart Communications to deliver the new generation of customer and business communications. A division of Thunderhead, Smart Communications is headquartered in London and serves its customers from offices located in North America, Europe and Asia Pacific.