News

Danske Bank UK and Circit Sign Partnership to Digitise Audit Process

Conor McAleavey
-
VP Strategic Partnerships
February 2022
2
minutes read


Circit are delighted to announce our latest bank partnership with Danske Bank UK, who has adopted and integrated the Circit platform into their audit letter response operations.

Beginning in February 2022, Danske Bank UK will be using Circit to receive, process and respond to audit letter requests from auditors all over the UK, Ireland and the rest of the world. This will not only digitise the entire process but will also dramatically reduce response times between Danske Bank and their customers’ auditors.

Speaking about the new partnership, Danske Bank’s Paul McStay said

“Onboarding the Circit platform has been an exciting opportunity to introduce a secure digital solution for dealing with business audit requests, creating efficiencies internally, which in turn allows colleagues to focus on other value adding activities for our customers. The Circit solution also helps us remove our reliance on paper and postage which is another huge positive.

In addition to the reduced response times for auditors using the Circit platform, it also allows Danske Bank to meet important goals as a sustainable and responsible business. McStay also said

Our partnership with Circit supports a number of important goals for Danske Bank – to be more sustainable and to digitise and simplify our processes and how we work.”

This latest bank partnership will bring huge value to the ever-growing Circit network and allow those auditors who use the Circit platform to:

- Reduce response times on audit requests to Danske Bank UK from weeks to days and even hours.

- Remove all costs associated with physical post and packaging.

- Securely and directly communicate with Danske Bank UK over encrypted digital channels.

Conor McAleavey, VP Strategic Partnerships at Circit said

“We are delighted to welcome Danske Bank UK into our ever-growing list of banks who have chosen Circit to digitise and modernise their audit confirmation process. We believe this latest bank partnership will bring huge value in terms of speed, cost and security to all of our auditor clients”.

For more information on how Circit can help you streamline and digitise your audit confirmation process please contact info@circit.io.

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