Tapiola Bank Selects OpusCapita to Deliver IT2 TMS
Tapiola Bank has selected OpusCapita to deliver IT2’s treasury management system (TMS). The first stage of the delivery involves Tapiola Bank introducing treasury solutions for the management of the most common financial instruments. The objective is to maximise automation in trading transactions and to provide flexible and timely reporting, including accounting and risk management.
In the second stage in autumn 2010, the system will be expanded to cover more complex instruments, and the treasury system will be integrated with the bank’s other data systems, such as data storage and accounting.
“For Tapiola Bank and its treasury department, a treasury system that delivers excellent risk management features and covers our reporting needs is a key requirement for our business growth. The new solution allows us to enter all the bank’s interest, currency and derivative positions in a single system, which enables more flexible risk management. The bank’s management is also very happy with a solution that provides more versatile and quicker reporting,” said Kim Selin, treasurer at Tapiola Bank.
Tapiola Bank is developing its treasury business, which was launched at the beginning of 2009. Tapiola Bank offers treasury services to its customers and to other companies in the Tapiola Group.