Leonia bank Goes Live

LEONIA BANK GOES LIVE ON MKIRISK'S GM/RV R2.2 :: Leading Finnish Bank Installs Major Upgrade of Credit Risk Limits Management System Palo Alto, California, June 15 - MKIRisk, the leader in integrated risk measurement and global limits management solutions from the desktop to the enterprise, today announced that Leonia Bank, Finland's second largest commercial bank, has successfully implemented Global Manager/Risk Vision (GM/RV) R2.2. This is one of the first implementations of GM/RV R2.2, the latest version of MKIRisk's market-leading solution for integrated management of limits, exposure calculation and reporting across treasury, corporate and retail business lines. The enhanced multi-processor support offered by GM/RV R2.2 has enabled Leonia Bank to obtain significant performance improvements in processing large numbers of accounts and related limits. The bank, which already uses GM/RV to control the risk related to head office business, is now rolling out workstations to 22 corporate branches as well as several sales offices. ''The improvement in close-of-day processing has been exceptional. We are now starting to take advantage of the new features in the upgraded version, such as pre-deal checking,'' said Jukka Maenpaa, deputy general manager of credit risk management of Leonia Bank. ''The trained end-users are very satisfied with the solution and find it easy to navigate and to find information.'' ''Leonia Bank was the original beta site for GM/RV and has continued to be a showcase for both the functionality and ease of implementation for this product set,'' said Jo Shun, director of MKIRisk responsible for limits systems. ''We are extremely pleased with the smooth progress of this implementation. We look forward to working closely with Leonia Bank on gaining the maximum benefits from this new release of GMRV.'' About Global Manager and Risk Vision(TM) Global Manager/Risk Vision provides a modular and integrated solution for local and global management of limits and exposures across product lines. In the recent ''Credit Risk Systems Survey Report'' from TCA Consulting, GM/RV received the top rating for limits/exposure management among ten competitors. Global Manager provides a financial institution with complete ownership of a consolidated data pool of transactions for risk management and other applications. The system supports a product matrix across all areas of the bank and a straightforward means of mapping data from existing systems into a consistent framework. Risk Vision delivers credit risk, limits and exposure management, which utilizes the Global Manager data to provide global monitoring of credit or market risk. The Global Manager and Risk Vision combination also provide a strong framework for regulatory reporting. All MKIRisk products employ client/server design, Windows-based interfaces, open relational database technology and real-time data capture and calculations. MKIRisk products provide high performance with large volumes of accounts and transactions, and they are fully scalable for global data management. About Leonia Bank Leonia Bank plc, Finland's second-largest commercial bank, and its subsidiaries are part of the Leonia Group, which is fully owned by the Finnish government. Leonia Bank, the former Postipankki plc, established in 1886, serves retail, corporate and institutional customers through a comprehensive branch network and 477 post offices. The Leonia Corporate Bank provides export and project financing, short-term trade finance, bond issues, structured financing and cash management to international Finnish companies and their customers. About MKIRisk MKIRisk, the market leader in integrated risk management solutions, is an operating division of Midas-Kapiti International (MKI), created after the acquisition of C*ATS Software Inc. by Misys plc, parent company of MKI. Headquartered in Palo Alto, California, MKIRisk has development offices in Palo Alto and Wimbledon, England, as well as sales and support offices in London, New York and Tokyo. MKIRisk further benefits from MKI's global branch network which operates in more than 25 countries and provides capacity to service its clients globally. MKIRisk products are licensed to leading financial institutions around the globe including a third of the world's 50 largest commercial banks. For more information on MKIRisk and its solutions, visit http://www.mkirisk.com Risk Vision is a trademark of MKIRisk Inc. Contact: Kathleen Hawk, Clearview Associates, MKI Risk, tel New York +1 212 966 9397 or email khawk@newyorknet.net or Kristen Fuller, MKIRisk, tel USA +1 650 354 0419 or email kristenf@mkirisk.com. Web site: http://www.cats.com or http://www.mkirisk.com ends lah

Subscribe

Documents & Links