Modelity Technologies Ltd., a leading provider of technologies for structured products, announced the successful implementation of Modelity/Structures at DnB NOR, the largest financial services group in Norway. Modelity/Structures is being used to provide the bank’s financial advisors with interactive sales flash presentations illustrating new product offerings.
According to Jeremy Brown, Vice President of Investment Products at DnB NOR: “During the last few years sales of structured products in Norway had decreased significantly, and we were presented with challenging markets. By using Modelity’s flash sales tool, we can make sure that our advisors are best able to provide clients with a full understanding of the product’s benefits and potential risks. ”
Ayal Leibowitz, CEO of Modelity Technologies Ltd., said “Modelity’s flash sales presentations are proving to be powerful and cost-effective tools for web-based marketing of structured products. As well as enhancing sales, they demonstrate compliance with the need to take steps to ensure that clients are comfortable with suitable products before they invest in them. This is important everywhere, but particularly so in the Norwegian market”.
About DnB NOR
DnB NOR is Norway’s largest financial services group with total combined assets of NOK 2 076 billion. The Group consists of strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson.