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Nordic banks select SunGard’s Ambit risk and performance technology

SunGard’s Ambit risk and performance technology has been selected by a group of Nordic banks, with an aim to boost new risk strategies, while supporting growth objectives, amid stringent regulation and compliance laws.

Deployed by five lenders in the region, three more banks will employ the technology to achieve better visibility of risk throughout the organization and improve business models to deal with more diverse and widespread regulation.

POP Pankki, a Finnish co-operative banking network and Saastopankki, a Finnish savings banking group, will deploy Ambit Asset and Liability Management (Ambit ALM) and Ambit Liquidity Risk to support growing risk management requirements.

Supported by Ambit ALM, both companies will implement their own risk management platforms, to delivering more control and greater visibility of interest rate and liquidity risk assisting reducing risk and lowering operating costs.

Finnish lender Ålandsbanken has also decided to add Ambit ALM and Ambit Liquidity Risk to meet the local and Swedish regulations, to improve liquidity risk and lower operating costs across the entire organization and its subsidiaries.

Assisiting the lender to capture a complete view of the balance sheet, the new technologies will allow the bank to manage both interest rate and liquidity risk across the bank’s entire network.

Further, it will offer automated, out-of-the-box reporting for liquidity capital and net stable funding ratios, while tailoring reporting for local compliance requirements, claims SunGard.

SunGard offers software and processing solutions for financial services to nearly 25,000 customers in over 70 nations and has approximately 17,000 employees.