Berlin (PRWEB) February 14, 2012
SunGard’s Ambit Asset Liability Management (ALM) solution has been selected by Daimler Financial Services, a leading financial services provider. Ambit ALM will help Daimler Financial Services establish integrated and standardized methodologies for ALM and liquidity risk management across its global operations and comply with global regulations such as Basel III.
Daimler Financial Services provides a range of services including financing, leasing, motor insurance and banking. It will deploy Ambit ALM as a centralized system across its international subsidiaries network. Ambit ALM helps companies perform consolidated, multidimensional analysis of the balance sheet and manage exposure to liquidity risk.
Andreas Hug, chief operating officer for SunGard’s Ambit Risk & Performance Management business unit said, “SunGard’s Ambit ALM was selected because of SunGard’s experience in managing large-scale, international, multi-site deployments. It is vital for global firms to maintain visibility across their operations in order to help ensure that decisions are made on a well-informed basis. Ambit ALM is a centralized and integrated ALM and liquidity risk management solution that helps firms improve overall balance sheet management and proactively manage costs of contingent liquidity, while also providing comprehensive, location-specific analysis capabilities.”
About SunGard’s Ambit
SunGard's Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and performance. Ambit helps banks retain and acquire customers, improve staff efficiency and effectively measure and allocate their capital. For more information, visit http://www.sungard.com/ambit.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
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