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Danske Bank and Vermilion Extend Reporting Relationship

September 11, 2017

Vermilion, a FactSet Company and a leading global provider of client reporting technology and services, has expanded its relationship with the largest bank in Denmark, Danske Bank.

Having successfully completed the first phase of deployment (providing client reports) in just four months, the second phase has now gone live. This phase develops the usage of Vermilion Reporting Suite (VRS) across the business and delivers a broader range of outputs. These outputs include monthly and quarterly reports, in addition to internal reporting. Plans are in place to also supply regulatory reports.

Vermilion is now delivering reports to Danske Bank Asset Management’s customers in the Nordic countries.

Vermilion is also embarking on the construction of a client portal for Danske, enabling its clients to drill down into underlying holdings and performance data within a secure environment.

Kurt Hangaard, Danske’s Head of Operations in Wealth Management: “We are benefitting from a better view of our workflow and an enhanced design capability. We now have the flexibility to personalize our reports to a greater degree, whilst having the scalability to meet the demands of our expanding client base. Vermilion has really helped us get the most from our investment, extending the use of VRS into various departments beyond Client Reporting.”

Vermilion’s specialist consultants worked alongside the Danske Bank team in Copenhagen.

Kurt Hangaard: “The ease of use of the Vermilion solution, coupled with the speed and efficiency of the build time, confirmed the selection of Vermilion as the right client reporting provider for us.”

About Vermilion
Vermilion, a FactSet Company, is a leading global provider of client reporting technology and services to the asset management industry. The Vermilion solution is designed to deliver flexible and scalable client reporting and communications, empowering client service professionals to deliver multilingual, graphical, marketing-quality reports that are created through an automated process. In combination with FactSet, Vermilion is committed to further automating the data integration and transparency of financial reporting and communication.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) delivers superior analytics, service, content, and technology to help more than 85,000 users see and seize opportunity sooner. We are committed to giving investment professionals the edge to outperform, with fresh perspectives, informed insights, and the industry-leading support of our dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly ranked as one of Fortune's 100 Best Companies to Work For and a Best Workplace in the United Kingdom and France. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow on Twitter: www.twitter.com/factset.

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