Finnish mutual insurance company Pension Fennia has gone live with Trema's Finance Kit version 5.0 to support its asset management business.
The insurer first selected Finance Kit, Trema's straight-through processing treasury, cash, and risk management solution, at the beginning of 2001 to manage its investment assets for fixed income, equities, money market and foreign exchange.
Project implementation was carried out over subsequent months to provide Pension Fennia with STP capabilities, as well as limit functionality to monitor both credit risk and asset allocation limits.
An additional step will be taken in the coming months to implement performance measurement functionality, says the company.