Unity Trust Bank

The Client

Unity Trust Bank (Unity) is a specialist bank that promotes a socially responsible and sustainable approach to banking and lending. Unity offers current and savings accounts for businesses across a range of sectors, from healthcare to social housing. Through its alignment to the United Nations Sustainable Development Goals, Unity lends to businesses and organisations that share its vision to create a better society.

The Situation

Unity had been using ALMIS^® for Regulatory Reporting and Treasury Management since 2014. Two years on, Robin Collett, Head of Treasury decided that the bank’s asset liability management (ALM) and treasury would be best supported by a single, consolidated solution for both regulatory reporting and risk management.

The Solution

In 2016 ALMIS International implemented the ALM solution (Market Risk, Capital, Liquidity) and a year later the Cobalt^® treasury management system to process Unity’s treasury-related transactions. The software generated reports, calculated stress impacts and informed general balance sheet management as well as information packs such as asset-liability committee (ALCO) packs. 

Robin Collett is delighted with the ALM and Cobalt^® solutions for the bank especially as they were implemented on time and within budget by ALMIS International.

‘One of the biggest advantages of having a full ALM solution is that it’s underpinned by a single source of data. With this new regulatory reporting functionality, any data brought into the system populates the returns automatically, eliminating the need for any manual input.’

Robin Collett – Head of Treasury, Unity Trust Bank