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."
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Investec launches 10-year BTL fixed rate product
Investec Private Bank has developed a 10-year buy-to-let fixed rate product...
Redwood Bank bolsters lending and credit teams
Redwood Bank has strengthened its lending and credit teams after appointing five new specialists...
Monese introduces student account
Monese has launched a student account for international and domestic students...
Tide secures £8m of funding
Tide has received £8m of new funding as it plans to move into its next stage of growth...
Starling Bank introduces personal loan products
Starling Bank has launched its first personal loan products offering up to £5,000...
Industry reacts to bank service league tables
Earlier this week, the Competition and Markets Authority (CMA) released the survey results ranking banks on their quality of service...
So you've signed up to the Women in Finance Charter – what now?
In July, it was revealed that 272 companies had signed up to HM Treasury’s Women in Finance Charter, covering over 760,000 financial services employees in the UK...
OakNorth completes its largest deal to date
OakNorth has completed its largest deal to date with a £40.2m property investment loan to Select Property Group...
Industry predicts the future of banking
Banking is forever evolving, with new entrants to the market and modern technology being introduced on a regular basis...
Triodos Bank provides £7m facility to First Choice Housing Association
Triodos Bank has provided £7m of funding to First Choice Housing Association (FCHA), which provides accommodation for vulnerable people across Wales and Shropshire...
The role of banks in the smart city
Smart city is a great buzzword. The term envisages a city where information and communication technologies like ‘the internet of things’ are connected to enhance the quality and performance of urban cities and thus urban living itself...