Finnish bank Aktia selects SunGard Ambit Capital Management tech

Source: SunGard

Aktia, a Finnish retail bank, has selected SunGard's Ambit Capital Management solution to help enhance transparency for more accurate regulatory reporting and improved compliance.

A long-standing SunGard customer that already uses Ambit Asset and Liability Management (ALM), Liquidity Risk Management (LRM), Funds Transfer Pricing (FTP), and Earnings at Risk (EaR), Aktia is also extending its use of SunGard's Ambit risk and performance management solution suite to help lower maintenance costs associated with its capital management system.

Ambit Capital Management will help Aktia gain greater transparency and visibility of capital across its business, helping achieve more accurate and effective capital calculation and decision-making. The solution will also help Aktia automate its information-gathering, enabling more efficient reporting and smarter capital allocation.

"Having used SunGard's solutions for the last decade, Aktia has first-hand experience of the benefits that Ambit can provide. SunGard's experience in risk management in Finland offers the right expertise to help us address both local regulatory requirements and international legislations like Basel III. Ambit Capital Management is a strategic investment for Aktia, which will help to aid our compliance efforts - both now and in the future - while also helping to reduce operating costs." -Magnus Weurlander, chief risk officer, Aktia 

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