Danske Bank is to implement LogicaCMG's CLS Manager (LCM) to expand its third party Continuous Linked Settlement (CLS) capability for corporate and institutional clients.
A thin-client, browser-based application, the LCM software supports CLS member banks and their third parties in the control, reconciliation and automation of their CLS business.
Danske Bank says it chose LCM for its ease of deployment and because of its highly configurable front end, which can be easily changed to fit its corporate branding.