SunGard said that three more Nordic banks have adopted the group’s Ambit Risk and Performance solutions to help drive new risk strategies and support growth objectives in the face of tighter regulation and compliance, adding to five others in the region which already employ the solutions to achieve greater visibility of risk.
POP Pankki, a Finnish co-operative banking network and Saastopankki, a Finnish savings banking group, will both implement SunGard’s Ambit Asset and Liability Management (Ambit ALM) and Ambit Liquidity Risk to help support expanding risk management requirements in line with their growth objectives.
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. Having their own end-to-end platforms will introduce heightened efficiency to these bank’s operations and allow them to formulate a personalized risk strategy to help meet their specific needs.
Ålandsbanken, a 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 organization and its subsidiaries.
The solutions will help Ålandsbanken manage both interest rate and liquidity risk across its network, and also help the bank capture a complete view of the balance sheet. In addition, the Ambit solutions will help deliver automated, out-of-the-box reporting for liquidity capital and net stable funding ratios, while tailoring reporting for local compliance requirements.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.
Apps are a critical part of treasury's shift into mobile banking as 67% of treasury and corporate finance professionals said mobile banking services are of particular interest to them in a recent survey.