SunGard’s Ambit Risk and Performance solutions have found favour among another batch of Nordic banks. The solutions, which are already used by five banks in the region, will help three additional banks to achieve greater visibility of risk across the organisation.

POP Pankki, a Finnish co-operative banking network and Saastopankki, a Finnish savings banking group, will both implement Ambit Asset and Liability Management (Ambit ALM) and Ambit Liquidity Risk to help support expanding risk management requirements in line with their growth objectives. In an effort to facilitate the growth of their businesses, POP Pankki and Saastopankki will deploy their own risk management platforms, underpinned by Ambit ALM to assist them in delivering more control and greater visibility of interest rate and liquidity risk to help decrease risk and lower operating costs. The solutions will also help the banks perform both deterministic and stochastic analysis.

Ålandsbanken, a universal bank headquartered in Finland, is also implementing Ambit ALM and Ambit Liquidity Risk to help comply with local Finnish and Swedish regulations, improve liquidity risk and lower operating costs across the entire organisation and its subsidiaries. The solutions will help Ålandsbanken manage both interest rate and liquidity risk across the bank’s entire network, and also help the bank capture a complete view of the balance sheet. In addition, they will help deliver automated, out-of-the-box reporting for liquidity capital and net stable funding ratios, while tailoring reporting for local compliance requirements.

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