ALM Partners has successfully completed the implementation project of a treasury management system for the Central Bank of Savings Banks. The project primarily addressed the bank’s need to transition to central counterparty clearing and respond to regulatory changes in derivative trade reporting.
The bank selected “FIS Treasury and Risk Manager – Quantum Edition” as its new treasury management system, and chose ALM Partners as the implementation provider due to its extensive experience with the Quantum system, as well as its exceptional capabilities in implementation and end-user support. As a local implementation partner, ALM Partners was a natural choice since the bank and ALM Partners have a long-standing collaboration through various projects and continuous business operations.
Eerik Tarkkio, Head of Treasury Middle Office, Central Bank of Savings Banks
Eerik Tarkkio, Head of Treasury Middle Office at the Central Bank of Savings Banks, praises ALM Partners’ ability to deliver the project with a low-hierarchy, solution-oriented, and flexible approach.
With the new treasury management system, numerous processes were developed to meet the bank’s needs. The introduction of central counterparty clearing for derivatives enabled fully automated EMIR reporting from Quantum to the trade repository. Additionally, collateral management for derivatives, including CSA reporting, and accounting data generation were implemented in Quantum. The last significant component was defining treasury data pipelines from Quantum to the bank’s data warehouse, where it is utilized for internal reporting. By automating background work related to accounting and data, cost benefits were achieved, and specialists’ time was freed from manual tasks to more productive work.
“The work was solution-oriented and efficient, focusing on getting things done. The project team’s expertise was top-notch, and our collaboration adapted flexibly as the project progressed. With ALM Partners, we achieved all the project goals on schedule, without worrying about whether the agreed deliverables would be completed on time,” Tarkkio praises.
From a long-term perspective, Tarkkio believes that the project has provided a treasury management system that can be easily further developed through ALM Partners if needed. Thanks to the implementation, ALM Partners has comprehensive knowledge of the system’s client-specific configurations, enabling a low threshold to deliver additional functionalities and maintenance support related to the system.
Tarkkio strongly recommends working with ALM Partners to other industry players, citing their solution-oriented approach and proactive working style.