Baltic bank Luminor picks FIS’ cloud regtech for liquidity optimization

Luminor Bank has selected a cloud-based balance sheet management solution from financial technology leader FIS to help the bank optimize liquidity and better manage risk as it continues its rapid expansion in the region. The bank operates in Estonia, Latvia, and Lithuania.

Based in the FIS private cloud, the solution, called Ambit Focus, provides versatile simulation and stress scenario capabilities to manage risk and regulatory requirements across profitability, liquidity and solvency.

It will provide the bank with advanced tools for assessing the market risk of its financial instruments and enhancing stress testing capabilities, while helping Luminor Bank comply with regulatory requirements, including Interest Rate Risk in the Banking Book (IRRBB). It also supports continuously evolving regulatory requirements, said Olof Sundblad, head of Treasury and ALM at Luminor, in a statement.

“The way banks measure and report on market and liquidity risk is changing quickly, with a growing percentage of capital markets firms now placing an increased reliance on cloud and managed services,” said Nasser Khodri, head of Capital Markets Sell Side at FIS.

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