ION
27 Case Studies
Case Study: Municipality Finance achieves unified finance and risk management and launches green bonds with ION Openlink
A ION Case Study
Municipality Finance reimagines public sector finance and risk management for Finland, first Finnish issuer to launch green bonds
Municipality Finance (MuniFin), Finland’s second largest credit institution dedicated to public‑sector financing and risk management, faced a wide‑ranging internal transformation to support public housing, infrastructure and new instruments such as green financing amid tightening budgets. The organization needed a single source of truth for deal management, unified accounting and risk operations, and customizable straight‑through processing (STP) across multiple asset classes — and selected ION Openlink as its technology and innovation partner.
ION Openlink, implemented with ION Professional Services, replaced multiple legacy systems and consolidated accounting, risk and payments workflows into one platform. The solution eliminated redundant data entry, enabled daily forecasting, supported European Central Bank compliance, and added capabilities such as a SWIFT payments module, bank reconciliation and new risk‑free rate curves when MuniFin went live in 2020. By streamlining processes and strengthening deal data, ION helped MuniFin improve transparency, reporting and analytics, free staff for higher‑value work, and scale to support green and other public‑sector financing.
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Municipality Finance
Rosi Veijalainen
Business Controller