Fintech provider Vermilion and Denmark’s Jyske Bank have agreed a technology deal that should result in more individualised reporting for high net worth clients, as well as increase the frequency and quality of distributed commentary on funds.
Jyske said that as the third biggest Danish bank by market share, it required an improvement in this area for its high net worth clients.
Peter Bruun, senior business developer at Jyske Bank added that the “joint approach will be hugely beneficial for us in the future, empowering our staff to build new components and introduce new reports to the system.”
Jyske will be able to automate production of client valuations, fund commentaries and slide based presentations, at differen frequencies for its full client base, based on use of the Vermilion Reporting Suite.
Carsten Larsen, head of Client Service at Jyske Bank, said: “As an example of improved service, our commentary is now added through the workflow and only delivered to clients where the specific commentary section is relevant. Internally, the Vermilion project has streamlined our client bespoke processes, reduced our operational risk and increased the visibility of our reporting procedures.”
Fund selector view
Click here to see the view offered on fund selection by Jyske Bank’s head of Multi Asset Management Mikkel Røgild in December’s issue of the InvestmentEurope magazine.