Danske Bank UK has replaced its legacy working capital technology with HPD's LendScape product suite as it looks to support the growth of its invoice finance portfolio.
Following on from its Danish counterpart, Danske Bank's UK operation has opted to implement HPD's Aquarius and Gemini modules (part of LendScape) to enhance and support its international working capital customer offering.
HPD's technology has been supporting Danske Bank's Danish team to improve customer service, speed up response times, reduce operation risk and cut down on manual workloads since 2014.
The Aquarius module delivers a full range of working capital finance solutions with multi-country, currency, time zone and language facilities that can scale.
Meanwhile, the data extraction capabilities of the Gemini module provide historical analytics on areas including sales ledger, monthly transactions and sales outstanding.
"We were keen to upgrade our legacy technology, and to modernise the service for our customers, making it easier for them to do business with us,” said Steven Hutton, project manager for the invoice finance programme at Danske Bank UK.
“Seeing how well LendScape has performed for the Danish operation made it a sensible option for our new invoice finance system Danske client manager.
"We have been impressed by the Aquarius module and the flexibility and customisation it offers our customers.
“Equally, we wanted data extraction functionality and Gemini was a good fit.
“The two – working in unison – provide optimum customer service."
Kevin Day, CEO at HPD Software, added: "This is an excellent example of the power of LendScape, enabling Danske Bank to pass the benefits and wide-ranging functionality on to its client base, improving their own customer experience.
"Our mission is to support and guide the future customer through our technology in order to facilitate the growth of the commercial finance sector."
-
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
-
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
-
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
-
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
-
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
-
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
-
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
-
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
-
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
-
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
-
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...