Published on 7 Feb 2012
“ It’s clear to us that the IBM Collaboration Solutions technology and the TradeseC and TC Connect applications combine to provide a very robust and powerful communication platform. ”
Jesper Bonnivier, Deputy Managing Director and Head of Fund Management, Länsförsäkringar Mutual Fund Company
Financial Markets, Insurance
Länsförsäkringar is an alliance of 23 customer-owned Swedish regional insurance companies, which aims to offer the agility and customer focus of a small company with the strength and performance of a large enterprise. It offers a wide range of insurance services, including accident and medical insurance, life assurance, pensions and savings funds, as well as various banking services.
Länsförsäkringar Mutual Fund Company decided to transform its asset management strategy by building a network of external fund managers around the world, enabling its internal team to focus on higher-level priorities such as risk management and investment governance. However, to make this new strategy work, the company needed to find a reliable, secure way to collaborate with the external managers and send and receive information about individual trades.
Länsförsäkringar implemented TradeseC, an application from IBM Business Partner TradeChannel. Built on IBM Collaboration Solutions technologies, TradeseC provides a secure communication channel with an intuitive web-based interface. An additional module, TC Connect, integrates the solution with Länsförsäkringar’s internal systems and those of the external fund managers, enabling straight through processing (STP).
Boosts STP rates to nearly 100 percent, significantly reducing manual workload for both parties. Provides a highly reliable solution for capturing trades, with no unplanned downtime or loss of data in several years of continuous operation. Improves risk management: real-time validation and reporting help Länsförsäkringar to identify errors and high-risk trades, and take immediate action.
IBM products and services that were used in this case study.
FSS: FM - Financial Markets Trade Processing and Back Office, Information Governance
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