Case Study: OmaSp achieves agile, systematic risk management with Granite

Systematic Risk Management and Development in the Banking Sector

OmaSp, a Finnish savings bank, faced the challenge of evolving its risk management practices to keep pace with its rapid business growth. While largely compliant, their existing methods, which relied on intranet forms and spreadsheets, were labor-intensive and lacked standardization, preventing efficient data analysis. To achieve a more systematic and proactive approach, OmaSp implemented the Granite risk management solution.

The Granite platform automated previously manual tasks and introduced a unified, guiding structure for risk assessment and reporting across the entire organization. This standardized OmaSp's risk management functions, ensuring consistent and comparable data collection, which in turn enabled more effective communication of the risk situation. As a result, Granite streamlined the bank's risk management work, bringing greater consistency and quality to its processes.

OmaSp

Kimmo Tapionsalo

Chief Risk Officer