S-Pankki Selects SunGard’s Ambit ALM to Help Measure and Manage Risk

S-Pankki Oy (S-Pankki), a Finnish commercial bank part of the S-Group, has selected SunGard’s Ambit Asset Liability Management (ALM) solution to help it better manage balance sheet risk and improve strategic and operational decision-making. S-Pankki will also use Ambit ALM for margin analysis applying funds transfer pricing (FTP) and earnings-at-risk calculations to help it achieve transparency across the risk-adjusted profitability contributions of the bank’s assets and liabilities.

S-Pankki was established to manage the credit cards, loans and other financial products offered by the S-Group to its retail clients. Ambit ALM will help S-Pankki perform multidimensional analysis of the balance sheet. S-Pankki selected Ambit ALM because of its broad functional coverage, and SunGard’s deep industry expertise.

Aki Gynther, chief financial officer (CFO), S-Pankki, said: “SunGard’s proven global reputation and access to local implementation resources guided our decision to select Ambit ALM. SunGard took a consultative approach to showcase the direct benefits of the solution by performing simulations using our own data. This convinced us that Ambit ALM closely met both our business and IT requirements. The solution will help us establish a strong foundation for comprehensive risk management so we can be prudent in our decision making, yet strategic for maximised returns.”


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