Commercial bank Pareto Bank has chosen Portman, the portfolio and treasury management solution from Aloc to support key operations. The bank will be implementing the system across its treasury operations, using many of Portman’s capacities in an integrated straight-through processing model, which supports the integration of the bank’s central applications from EDB Ergo Group.
This solution is chosen with focus on the bank’s goals:
- Streamlining treasury operations to increase efficiency.
- Enhancing risk management and compliance reporting.
- Ability to expand the bank’s business timely and cost effectively.
Erling Mork, head of finance and asset management at Pareto Bank, said that the bank chose Aloc’s system due to its streamlined front-to-back deal registration, comprehensive reporting tools, and strengths in market valuation. “As a growing business it is vital to equip ourselves with a modern risk management solution. Portman allows Pareto Bank to develop its use of financial instruments and offer new client services without losing track of its risk and keeping our staff and operating costs in check. Aloc’s local presence and high service level was also important to us,” said Mork.
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