DnB Takes ACT's Unity, Quasar For Straight Through Processing

Den norske Bank (DnB) is installing ACT Financial Systems' Unity Front Office portfolio management and Quasar investment accounting packages at a number of its investment management groups, with some £3.5 billion ($5.8 billion) in assets under management. The £1.9 million ($3.1 million) deal represents the first in Scandinavia for ACT's Unity and Quasar systems.

The 70-user system will be implemented at DnB Asset Management Division, DnB Investor (Funds Management) and Vital Forsikring, DnB's