SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a leading Danish IT service provider has selected TLM Corporate Actions to create a new service offering for its customers.

The solution, which was selected after a competitive review process, enables the organisation to offer outsourced corporate actions processing based on leading technology to a variety of financial institutions in the Nordic region. TLM Corporate Actions will be the heart of an ASP service automating the complete event management, from data cleansing to creating the golden record and managing the entitlement process.

Christian Schiebl, Regional Director, Europe, SmartStream Technologies, commented: "This is an exciting opportunity for SmartStream to partner with one of the leading Nordic service providers. Once the implementation is live TLM Corporate Actions will be used by more than 40 firms across the region – making it one of the most heavily franchised corporate actions solutions. We are delighted we've been selected to help those firms make a big step forward in improving their efficiency and reducing operational risk."