Finnish Banks Hand Compliance Burden to SunGard
Ålandsbanken, POP Pankii and Saastopankki will use SunGard's Ambit Risk and Performance to comply with national and international regulations, and reduce risk.
Heli Huhtala, head of group treasury at Ålandsbanken, says partnering with SunGard will enable the bank to focus on its core competence, rather than spending time and money on an in-house solution.
"It would have been possible, but as a small player, we don't want to engage resources in IT development," she says. "We have an IT arm in
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