BEC streamlines securities settlement for Danish banks

Summary: BEC and S&P Global Market Intelligence to collaborate on highly competitive cloud solution for post-trade securities processing for Danish banks. 

BEC Financial Technologies is offering a new post-trade solution for custody and settlement through a collaboration with S&P Global Market Intelligence. The cloud-based solution will support BEC member banks in meeting upcoming Danish and European harmonization requirements, to reduce cost, reduce risks, and increase the competitiveness of Danish capital market. 

“By integrating the Securities Processing platform from S&P Global Market Intelligence, we are leveraging proven, international cloud technologies to service the BEC member banks. We will provide banks with competitive tools to enhance efficiency, scalability, and compliance in the entire post-trade process across domestic and international securities trading, and our customers will also experience a more efficient securities custody and settlement process with e.g. easier access to data,” says Kuno Leerhøy, Head of Post Trade Management in BEC. 

Market-leading standard solution

The collaboration on the solution expands on several years of collaboration between the two fintech companies. It will further strengthen BEC’s capabilities in securities custody and settlement, and it provides the foundation for greater operational efficiencies of the solutions and seamless alignment with evolving market requirements. 

“BEC is transforming into the leading fintech integrator for Danish banks. Instead of building all our own IT solutions, we prefer to build an eco-system of market-leading tech and fintech partners that we can integrate into our full-service banking platform. Our collaboration with S&P Global is already enabling economy of scale for us today, and we see great potential in expanding our work together,” says Kuno Leerhøy.

The platform is used by major financial institutions worldwide. Therefore, BEC banks will benefit from established best practices, streamlined automation, and a strengthened approach to the evolving market harmonization standards, S&P Global Market Intelligence Securities Processing is a cloud-based, API-enabled platform designed to support the full lifecycle of custody, settlement, and asset servicing functions. The solution enables higher levels of automation, shorter time to market for new services, and improved operational resilience through modern architecture and exception-based processing. 

“We’re excited to deepen our relationship with BEC to deliver a cutting-edge, cloud-native post-trade solution for Danish banks. By combining BEC’s deep knowledge of the Danish financial ecosystem with our global leadership in custody, settlement, and asset servicing, we’re helping member banks reduce risk, enhance operational efficiency, and align with European market harmonization in a competitive and rapidly-evolving capital markets landscape.” says Ankush Zutshi, Head of Software, Enterprise Solutions at S&P Global Market Intelligence.

With the new post-trade solution, BEC banks will be equipped to address future regulatory changes – such as the upcoming European harmonization requirements in 2027. The new solution provides a scalable infrastructure and enhanced operational capabilities, strengthening the foundation for future development and adaptation across the post-trade value chain.

The expanded collaboration with S&P Global Market Intelligence follows a series of BEC announcements about new or enhanced partnerships with leading tech and fintech partners such as LSEG, Salesforce, Subaio, &money, Accenture and JN Data.