Modelity Technologies Ltd., a leading provider of financial modeling technologies, announced the successful implementation of Modelity/Structures at Sampo Bank, a wholly owned subsidiary of Danske Bank Group. Modelity/Structures is being used to provide the bank’s clients with weekly performance and status reporting on the bank’s structured product offering in Finland.
“Danske Bank is committed to providing our clients with full product transparency and up-to-date information on their investments, empowering them to make informed decisions.” said Heikki Ruoppa, Head of Products, Danske Markets Finland. “Modelity/Structures allows us to seamlessly produce high-quality reporting for sophisticated products.”
“The reports generated by Modelity/Structures were fully customized to our needs and standards.” said Tomi Ojavuo, Head of Business Support, Danske Markets Finland. “From signing the deal, it went live successfully in less than one month. This is a record time for such an implementation.”
Ayal Leibowitz, CEO of Modelity Technologies Ltd., said “Modelity/Structures has a proven record in providing the transparency needed so strongly by clients in structured retail products these days. We know that Modelity/Structures is a must-have service banks need to supply to their client bases”.
About Danske Bank Group
Measured by total assets, the Danske Bank Group is the largest financial enterprise in Denmark and one of the largest in the Nordic region. The Group offers Danish and international customers a wide range of services in the fields of banking, mortgage finance, insurance, leasing, real-estate brokerage and asset management.