Sberbank selects Wolters Kluwer for risk management
The Russian banking and financial services group will use the software provider’s OneSumX to streamline its global treasury operations.
The Russian banking and financial services group will use the software provider’s OneSumX to streamline its global treasury operations.
Wolters Kluwer said that Sberbank Group, the largest banking organisation in Russia, has selected the company’s OneSumX for risk management solution to streamline its global treasury operations, using it to improve the view it holds for its risk management processes. The solution provides the bank’s treasury with the means to perform dynamic simulation, market risk analysis, and liquidity risk analysis.
Wolters Kluwer added that Sberbank selected OneSumX after a thorough evaluation process consisting initially of some 30 providers, in order to enable it to handle the increased challenges of efficiently operating the strategic functions of asset liability management (ALM) and liquidity risk in its Moscow headquarters.