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Suomen Pankki Takes Trema Finance Kit

Finland’s central bank, Suomen Pankki, is to use Trema Finance Kit to manage its foreign exchange reserves, monetary policy and customer payments. Trema says that the system provides integration between front and back office and facilitates the straight-through processing of transactions, and that Suomen Pankki is among the first central banks to implement the new version of Trema’s Central Bank Accounting system.

“We have been very impressed with the quality and extent of Trema’s experience and commitment to the central bank segment,” says Pentti Pikkarainen, head of market operations department, Suomen Pankki. “As Trema Finance Kit is already in use at several ESCB [European System of Central Banks] member banks, as well as other central banks in accession countries and outside Europe, our selection of the system for the management of foreign reserves was well justified.”

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