Mexico city, mexico (PRWEB) July 16, 2012
Grupo Financiero Interacciones, a leading financial services provider in Mexico and a long standing customer of SunGard’s Ambit Operational Risk Management solution, has implemented SunGard’s Ambit Asset Liability Management (ALM) solution to help improve balance sheet management, enhance profitability, mitigate interest rate and liquidity risks and comply with impending Basel III regulations.
Grupo Financiero Interacciones is using Ambit to perform static and dynamic asset liability management, and in-depth profitability analyses, identify and simulate strategies that minimize the cost of and exposure to liquidity risk as well as automate the calculation process for funds transfer pricing (FTP). SunGard’s complete solution is helping the bank accurately and efficiently measure funds transfer prices and perform complete multi-dimensional analysis of its balance sheet to help it clearly evaluate the drivers of net interest income, comply with regulations and improve risk management.
Leonard Katz, balance sheet manager, Grupo Financiero Interacciones, said, “Thanks to SunGard’s deep industry expertise and delivery excellence, we were able to go live on Ambit ALM within a demanding time frame and within budget. SunGard’s modular and integrated solution for asset liability management, liquidity risk, funds transfer pricing and profitability analysis has helped us establish a comprehensive risk management system to help us meet regulatory requirements and better manage our balance sheet, performance and liquidity.”
Alwin Meyer, chief operating officer of SunGard’s Ambit Risk & Performance Management business unit, said, “Comprehensive risk management strategies are becoming increasingly essential for both compliance with exigent regulations and strategic decision making. With SunGard’s Ambit ALM solution, financial institutions like Grupo Financiero Interacciones can establish an integrated approach to measure and manage a full spectrum of risk across the enterprise, helping them reduce costs, improve the quality of risk information, meet regulatory requirements, and allocate capital more efficiently.”
About Grupo Financiero Interacciones
Grupo Financiero Interacciones offers financial services to customers in Mexico through its banking, brokerage firm, and insurance business units. Its commercial bank operations serve mainly , State and Municipal governments, and Government entities; it specializes in providing short term and medium term financing to states and municipalities and financing infrastructure projects related to water treatment plants, hospitals, schools, waste management plants, etc.. Its Casa de Bolsa brokerage unit offers brokerage, investment, and portfolio management services, while its insurance arm offers protection on automobiles, health, life, and property. Carlos Hank Rhon and family members are the main shareholders of Grupo Financiero Interacciones.
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 480 on the Fortune 500. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
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