The Norwegian bank will be implementing Portman across its treasury operations, utilizing Portman’s capacities in an integrated straight through processing model which supports the integration of the bank’s central applications from EDB Ergo Group.
According to the ALOC, the solution was selected by the bank to streamle treasury operations to increase efficiency; enhance risk management and compliance reporting and to expand the bank’s business timely and cost effectively.
Pareto Bank head of finance and asset management Erling Mork said the bank chose Portman and ALOC due to its streamlined front-to-back deal registration, comprehensive reporting tools, and strengths in market valuation.
"Portman allows Pareto Bank to develop its use of financial instruments and offer new client services without losing track of its risk and keeping our staff and operating costs in check," Mork said.
ALOC Business Manager Norway Inge Grini said with Portman, ALOC will enable Pareto Bank to better analyze its market risk, manage its liquidity portfolios, streamline its back office and perform compliance reporting in a comprehensive manner.
