News
30 January 2012
Oman International Bank (OIB), a leading retail and commercial bank in Oman, has selected SunGard's Ambit Treasury Management, Ambit ALM and Ambit Credit Risk Management solution suites to help integrate treasury operations, reduce operational costs and better manage its cash, liquidity and balance sheet risk. SunGard's Ambit solutions will also give OIB an improved view of its commercial credit risk and the ability to perform real-time regulatory reporting.
Ambit Treasury Management will help the bank establish a centralized front-to-back-office treasury operation providing support for multiple asset classes, which will help the bank easily extend services to clients as its business expands. With Ambit ALM, OIB can perform funds transfer pricing and multi-dimensional analyses of the balance sheet by modeling customer behavior, economic valuation, interest rate scenarios, and a wide range of other variables.
Douglas Emmett, general manager at Oman International Bank, said, "SunGard's Ambit integrated treasury and risk solution will help us consolidate onto a single platform for treasury and asset liability management. Ambit will help OIB more accurately identify, manage and minimize risks within our business. We selected SunGard because of the strength of the Ambit solution suite, its deep industry expertise and its strong support infrastructure in the Middle East."
Wissam Khoury, managing director for the Middle East at SunGard Financial Systems, said, "Banks are undergoing rapid expansion in the Middle East and SunGard's integrated approach to treasury management and asset liability management is helping our 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."