SEB is collaborating with S&P Global to adopt their cloud-based platform for custody operations across the Nordic region.
According to the firm, the new platform will enhance SEB’s ability to provide state-of-the-art services to several customer segments.
Ann Magnusson, head of Investor Services at SEB, says: “The new engagement with S&P Global gives us access to a tested platform that allows for the scale and flexibility we need, and enables quicker product development.”
Operated within S&P Global’s Market Intelligence division, the new platform is API-enabled and designed to support the full lifecycle of post-trade and asset servicing functions.
“Collaborating with SEB on this transformational journey represents a key moment in the evolution of our Securities Processing Platform,” adds Ankush Zutshi, head of securities processing and asset servicing at S&P Global Market Intelligence.
SEB will gradually move functionality and data to S&P Global’s platform over several years, which, according to SEB, means customers will also gradually experience improvements.
The bank will use the new platform in all Nordic countries for retail, private banking, family office, and sub-custody customers.
About SEB Group
SEB is a leading northern European financial services group, with a history dating back to 1856. Innovation, entrepreneurship and an international perspective are part of our DNA.
We have always believed that the future depends on making great ideas happen. Our purpose is to positively shape the future, with responsible advice and capital. Today and for generations to come.
We have a strong ambition to accelerate the pace towards a sustainable future for people, businesses and society. We want to be a leading catalyst in the sustainability transition.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.
Source: assetservicingtimes.com
