Treasury platform designed to mitigate risk and streamline operations.
SunGard has announced that Banco León, a Dominican Republic commercial bank, has implemented its Ambit Treasury Management software.
Banco León's use of the software is aimed at increasing operational efficiency through automation over multiple asset classes and growth in transaction volumes. Its exposure for credit, market and operational risk can also be monitored through the software, which is described by the vendor as a front-to-back solution. Ambit is designed for both retail and private banks at a tier two-to-four level.
"We selected SunGard because of the strength of the Ambit solution suite, its deep industry expertise and its reputation for delivering high levels of customer service," says Carlos Marranzini, vice president of treasury at Banco León. "SunGard's Ambit Treasury Management provides scalable and proven infrastructure for all front, middle and back-office treasury functions that will help us obtain a consistent view of our business, provide support for multiple asset classes and improve risk management to support our growth objectives."
More from Buy Side Technology
Updating your subscription status
Voting now open -- WATERS RANKINGS 2013
Our 11th annual survey is now open and you get the chance to choose your best solutions and technology providers. Waters Rankings 2013 features 26 hotly contested awards - so have your say.
19 Jun 2013
27 Jun 2013
10 Jul 2013
10 Sep 2013
Complex, dated and unwieldy data infrastructure is not uncommon among even the most progressive companies in the world of finance. As financial regulations...
With the launch of a new legal entity identifier (LEI) looming, the financial services industry needs to get ready to ensure efficient and timely implementation...