Expansion of strategic alliance delivers AI-driven automation to support the Bank’s Forward 28 strategy in delivering enhanced client offerings and operational efficiency.
Xceptor, the intelligent data automation platform for financial markets, today announced its expanded collaboration with Danske Bank, a leader in the Nordic financial services sector and Denmark’s largest vendor. This partnership leverages Xceptor’s advanced generative AI capabilities for data automation, reconciliations, and tax processing.
Building on a three-year relationship that was initially established to streamline tax reclaims, the long-term alliance has now expanded to include automation of reconciliations and incorporation of generative AI capabilities for data automation.
A key component of Danske Bank’s Forward 28 growth strategy is investing in digitization, AI and technology to strengthen and grow its position in the Nordic region. This expanded collaboration will enable Danske Bank to deliver enhanced client offerings while reducing costs and operational risk.
“Our expanded partnership is a tremendous opportunity for Xceptor to support Danske Bank’s business growth strategy. By empowering Danske Bank with our advanced generative AI capabilities across both tax reclaims and reconciliations, we’re thrilled to play a key role in the Bank’s Forward 28 strategy through digitization, bringing tangible benefits to both clients and employees,”
says Michiel Verhoeven, Xceptor CEO.
“Our successful implementation of tax service reclaims has solidified our partnership with Xceptor, and we are now ready to advance to the next phase. By leveraging Xceptor's advanced platform and generative AI, we are keen to enhance our offerings and customer service, now with a focus on reconciliations,”
says Michael Holmgaard Mortensen, Managing Director,
Markets Post Trade Services & Markets Quants at Danske Bank.
With Xceptor’s advanced data automation capabilities applied to reconciliations and tax processing, Danske Bank’s clients will benefit from fewer disruptions, faster processing times, and enhanced data accuracy.
Throughout the partnership, Xceptor’s work with Danske Bank has expanded to multiple areas across the Bank, enhancing operational efficiency and accelerating digital transformation. Most recently, Danske Bank utilized Xceptor’s Generative AI for tax processing, enabling the automation of its tax workflows and ensuring compliance with Germany’s tax e-filing regulations.
Learn more about Xceptor's collaboration with Danske Bank to deliver enhanced client services and operational efficiency in the two-part video interview series.
Part 1: Introduction & Partnership
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Part 2: Forward 28, Generative AI & What's Next
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About Danske Bank
Danske Bank is a full-service bank serving approximately 3.3 million customers across the Nordic region and is the largest bank in Denmark.
Our wholesale division addresses the complex financing and transaction needs of large corporate and institutional clients.
We offer expertise in financial advisory, funding, risk management, capital market transactions, and investments. This includes specialised finance, structured transactions, loan syndications, credit structuring, and equities.
Additionally, we provide investor services and transaction banking with a comprehensive suite of award-winning cash management and trade finance solutions.