Case Study: Skandia streamlines operations and audits with Daymi

Digitalizing and unifying oversight for Skandia Securities Operations Reducing Operational Risk and Make Oversight Easier

Skandia, a leading Swedish banking and insurance provider, faced significant operational challenges in its Securities and Fund Operations department. A lack of centralized oversight, high dependency on key staff, and inefficient manual processes using spreadsheets and calendars created substantial risk. To address these vulnerabilities, Skandia turned to vendor Daymi for a solution to digitalize and centralize its operations.

By implementing Daymi, Skandia achieved centralized process tracking and documentation, which drastically improved transparency and streamlined internal audits. The solution resulted in two consecutive internal audits with no follow-up questions, reduced key man risk, and provided easy access to data for informed decision-making. Daymi also enabled quicker staff onboarding and facilitated remote work.

Skandia

Ivan Talajic

Head of Securities and Fund Operations