ALM Partners has successfully collaborated with the POP Bank Group for over a decade. The group’s central credit institution, Bonum Bank Plc, is one of ALM Partners’ longest-standing customers. What began as individual assignments has evolved over the years into a comprehensive service and project partnership.
Bonum Bank’s Head of Risk Management, Tommi Kemilä, shares insights about the long-term cooperation with ALM Partners. Kemilä’s risk control unit is mainly responsible for the central credit institution’s risk monitoring, balance sheet management calculations, and regulatory reporting.
For years, ALM Partners has provided Bonum Bank with services such as balance sheet management and support and maintenance functions for the treasury system. The balance sheet management service covers comprehensive production, from interest rate risk calculation of the financial balance sheet and daily liquidity calculations to data loading and final reporting. Treasury services are closely related to supporting the use of the “FIS Treasury and Risk Manager – Quantum Edition” treasury system, implementing new functionalities related to the system, and managing data flows. A key element of balance sheet and treasury services is ALM Partners’ data warehousing solution, CRDM, which is tailored to meet the needs of the bank’s chosen software. As an official Microsoft partner, ALM Partners also provides cloud infrastructure as a PaaS solution for some of these products.
According to Kemilä, ALM Partners’ most significant added value lies in their ability to combine technical and business expertise across both projects and continuous services.
Kemilä finds cooperation with ALM Partners highly valuable. He highlights ALM Partners’ strengths in excellent delivery capabilities and solution-oriented approaches — the customer’s needs are always addressed swiftly. The long-term partnership and numerous projects also enable cost-effective deliveries thanks to economies of scale. Moreover, ALM Partners’ accumulated knowledge of the customer’s processes ensures that new projects and assignments always start from an excellent foundation. The continuity of services is also secured, which Kemilä considers extremely important.
According to Kemilä, ALM Partners has become deeply integrated into daily operations, occupying a position almost comparable to an in-house department. With the technical implementations and maintenance of balance sheet management and treasury services outsourced to ALM Partners, the bank can focus its resources on developing and steering its business.
A good example of ALM Partners’ capabilities is the derivatives project carried out in 2024. ALM Partners participated in every phase of the derivatives implementation, from the technical execution of contract recording and valuation processes to data transmission and final reporting. This project highlighted ALM Partners’ solid expertise in data management combined with an understanding of business concepts and regulatory reporting requirements.
Kemilä highly recommends working with ALM Partners to other players in the industry: ALM Partners’ expertise and technical solutions are so advanced that any industry operator could benefit from them.
