Swedbank updates technology in wake of new regulations

A recent article in IBS Journal describes how Swedbank is implementing a liquidity risk management (LRM) system from Aleri for the bank’s group risk, compliance and finance departments, as well as the treasury division. The project is going on in parallel to another Aleri implementation – a liquidity management system (LMS).

‘We can now manage all foreign currency flows, and the next phase is to bring the domestic currency flows on the Aleri system,’ says Erik Öhman, head of operations, Swedbank Markets. A number of vendors were considered, but the bank felt that ‘the way it was thinking was, in fact, very similar to Aleri’s way of thinking’. For Swedbank, with its large cash flow volumes, it was important that the system ‘could follow the cash flows’, explains Öhman. ‘Aleri’s software does it very well, while some other vendors look at it from a different direction – more from a risk point of view, through different risk precision systems.’...