LONDON and HELSINKI, May 17, 2018 /PRNewswire/
-- Openlink, an ION Investment Group company and leader
in trading, treasury and risk management solutions, today announced
that Municipality Finance Plc (MuniFin) of Finland selected Openlink's solution to
enhance the institution's straight-through processing (STP)
capabilities and comprehensively manage risk across the
organization.
As Finland's second largest
credit institution, MuniFin is owned by the Finnish public sector,
Finnish municipalities, the government of Finland, and Keva, a public sector pension
fund. MuniFin provides financing and financial risk
management to support public housing, infrastructure, and other
socially and environmentally sustainable investment
targets.
MuniFin launched a significant, internal transformation effort
across its capital markets, customer finance, back office, risk
management and IT functions. The team sought a solution that
provides customizable STP capabilities across multiple asset
classes and can meet unique business requirements. The search
led MuniFin to work with Openlink and implement the new platform in
November 2017.
Marjo Tomminen, executive vice president and chief financial
officer of MuniFin, said, "MuniFin's mission to provide competitive
and timely financing for the Finnish public sector is based on
overall operational excellence, how quickly and transparently we
bring deals to closure, and a comprehensive view of risk. As
we migrated to Openlink's platform, we challenged ourselves to
streamline and integrate our workflows. We also strengthened our
foundation of deal data for improved analytics, reporting and
compliance, and shifted to even higher value work that serves the
evolving needs of our customers."
Concurrently, MuniFin launched new instruments—such as green
financing for environmentally friendly projects—and needed a
platform that can grow with the future direction of Finland's public sector projects.
"Our team at Openlink is very pleased to partner with MuniFin on
a truly transformational journey that requires new operating
models," said Bernard Delahaye,
chief revenue officer of Openlink in EMEA. "There is a reason
why MuniFin has the most satisfied customers within the Finnish
financial sector. Efficient and transparent back office
operations are the backbone for any financial institution to
deliver value to customers and build long-term public
trust."
About Openlink
Openlink (www.openlink.com), an ION
Investment Group company, provides award-winning solutions for
trading, treasury and risk management to serve energy companies,
commodity-intensive corporations, and financial services
institutions—on-premises and via the Openlink Cloud.
Logo -
https://mma.prnewswire.com/media/632056/Openlink_Financial_LLC_Logo.jpg