Oman Bank chooses SunGard's Ambit risk management technology
Oman International Bank (OIB) has selected SunGard’s Ambit Treasury Management, Ambit ALM and Ambit Credit Risk Management technology suites to help integrate treasury operations.
SunGard's Ambit offerings will help OIB reduce operational costs and better manage cash, liquidity and balance sheet risk.
Ambit Treasury Management will help the bank establish a centralised front-to-back-office treasury operation that will deliver support for multiple asset classes, which will help the bank extend services to clients as its business expands.
Ambit ALM will enable OIB undertake funds transfer pricing and analyses of the balance sheet by modeling customer behavior, economic valuation, interest rate scenarios, and a wide range of other variables.
SunGard Financial Systems managing director for the Middle East Wissam Khoury said that banks are undergoing rapid expansion in the Middle East and SunGard's integrated approach to treasury management and asset liability management is helping its customers capitalize on this change.
"SunGard's Ambit solution suite is helping banks across the region develop a complete and accurate view of risk while delivering improved visibility and control through a single view of their cash and liquidity," added Khoury.
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