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

Upcoming Webinar: The time is now for buy-side firms to re-evaluate their approach to data management

Date: 10 November 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Increased cost pressures, rising volumes of data, and the challenges of legacy systems are pushing buy-side firms to re-evaluate current approaches to data management. The aim is cost-effective, optimised data management that can provide flexibility and scalability, support various...

BLOG

The Challenges and Opportunities of Data Fabric – an Expert Opinion

Data fabric offers the opportunity to scale data management while sustaining flexibility and agility. It also supports the creation of data products in under a day rather than in three months – but as in so many data management scenarios, the outcomes of implementing data fabric depend on the input quality of the data. An...

EVENT

TradingTech Summit London

Now in its 11th year the TradingTech Summit London brings together the European trading technology capital markets industry, to explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...