Santo Domingo, Dominican Republic (PRWEB) April 17, 2012
Banco Leon, a leading commercial bank in the Dominican Republic, has selected SunGard’s Ambit Treasury Management* to help it streamline its treasury operations, improve risk management and support business growth. With Ambit Treasury Management, Banco Leon will implement a more automated and integrated environment, helping it increase end-to-end processing efficiency, improve reporting and control, and enhance risk management across the enterprise.
Ambit Treasury Management will help Banco Leon centralize front-to-back-office treasury operations and will provide support for multiple asset classes and transaction volume growth. This will help the bank more easily extend services to clients as its business expands. Initially, Banco Leon will use Ambit Treasury Management for its fixed income business. Ambit Treasury Management will also help the bank monitor and manage credit, market and operational risk exposures.
Carlos Marranzini, vice president of treasury at Banco Leon, said, “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. 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.”
Andreas Hug, chief operating officer for SunGard’s Ambit Treasury Management business unit, said, “Ambit Treasury Management will help Banco Leon automate its treasury operation while providing broad instrument coverage with real-time visibility into cash and risk positions. This will help the bank offer a comprehensive service to their clients and grow its business while helping improve risk management.”
- Ambit Treasury Management is a solution suite for tier 2-4 banking organizations, and incorporates SunGard’s Quantum solution.
About Banco Leon
As part of Banco León’s institutional commitment, it permanently strives for excellence, working with passion and focus on customers in their promise to offer financial solutions that simplify their customer’s lives, improving their world and becoming their main financial ally.
Banco León currently has 69 branches and access to over 1,500 ATMs across the country. Its corporate culture responds to a vision of respect and trust on the basis of leadership, knowledge and experience, dynamism, protection and openness to the needs and interests of their clients. For more information visit or contact the center http://www.leon.com.do customer, Fonobanco, at 809-476-2000 and toll free at 1-809-200-8242.
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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