About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Aktia Retail Bank Selects SunGard Ambit Solution for Capital Management

Subscribe to our newsletter

Finnish retail bank Aktia is extending its use of SunGard’s Ambit risk and performance management solutions with the addition of Ambit Capital Management. The capital management application will replace a legacy vendor system, automate previously manual processes and deliver greater transparency and visibility of capital across the bank’s predominantly retail lending business.

Aktia already uses SunGard Ambit Asset and Liability Management, Liquidity Risk Management, Funds Transfer Pricing and Earnings at Risk, but looked at other capital management solution vendors before selecting SunGard.

According to Ville Ahonen, credit risk manager at Aktia, “There were many reasons for selecting Ambit Capital Management. The solution is very transparent as all calculation rules are specified and can be edited. Regulatory capital calculations require a lot of logic and this needs to be transparent so that we can validate the calculations. Good transparency also means we can drill down into portfolios to discover exposures that require large regulatory capital. The software has a good user interface, it fits well with in-house reporting based on a Microsoft SQL server, and the SunGard consultants we are implementing the solution with are knowledgeable.”

The bank is in the process of migrating from the standard approach to capital requirements to the internal ratings based approach and will wait for regulatory approval to use the internal ratings approach before moving into production with Ambit Capital Management to meet the requirements of Basel II and later Basel III. Meantime, the software is live and being used to calculate capital requirements for internal use in parallel with the legacy system.

Aktia will be able to eliminate manual intervention from capital management using the SunGard solution, in turn lowering the maintenance costs of the bank’s capital management system and producing more efficient reporting.

Magnus Weurlander, chief risk officer at Aktia, concludes: “Having used SunGard’s solutions for the past 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 legislation such as Basel III. Ambit Capital Management is a strategic investment for Aktia that will help our compliance efforts both now and in the future, while also helping to reduce operating costs.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Proactive RegTech approaches to fighting financial crime

Financial crime is a global problem that costs the economy trillions of dollars a year, despite best efforts by financial services firms, regulators, and governments to stem the flow. As criminals become more sophisticated in how they commit financial crime, so too must capital markets participants working to challenge criminality and secure the global financial...

BLOG

Generative AI in 2024 – The Look Ahead for Investors

By Marsal Gavaldà, CTO, Clarity AI. Unlike some technology trends, the hype around generative artificial intelligence (AI) will not fade, and I expect AI to remain a priority for investors in 2024. The emergence of generative artificial intelligence (GenAI) is a watershed moment in the tech industry, as transformational as the advent of the internet,...

EVENT

Data Management Summit London

Now in its 14th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...