Gulfport, MS (PRWEB) October 31, 2011
Hancock Holding Company (HBHC), a commercial bank holding company offering personal and business banking services with over US$ 20 billion in assets, has selected SunGard’s Ambit Credit Risk Management solution suite. The bank will use Ambit Credit Assessment for comprehensive credit risk assessment and Ambit Credit Portfolio Monitoring for real-time monitoring of risk across Hancock Holding Company’s various portfolios and sub-portfolios. The solution will help Hancock improve credit risk analytics for enhanced asset quality forecasting.
SunGard’s Ambit Credit Risk Management will help the bank streamline its approach to assessing the creditworthiness of commercial lending products including Commercial & Industrial (C&I), Commercial Real Estate (CRE) and small business loans. This will help the bank improve underwriting efficiency and enterprise-wide risk management. The solution suite will also facilitate the consolidation of disparate data sources, and apply an integrated risk rating framework for better visibility into the loan portfolio. Finally, Ambit Credit Risk Management will enhance the bank’s relationship management capabilities to help make it easier for Hancock to take advantage of cross selling opportunities.
Hancock senior vice president and senior credit administration officer, Mike Dickerson, said, “Hancock’s selection of SunGard’s Ambit Credit Risk Management helps the bank implement greater credit portfolio control and analytics. Ambit Credit Assessment and Ambit Credit Portfolio Monitoring will facilitate a holistic, standardized approach to enhanced portfolio analytics, real-time multiple variable stress testing, loan approvals, and ongoing credit compliance within the company’s commercial line of business. This investment represents Hancock’s ongoing commitment to growing the company safely while fostering upside scalability and confidence in our credit risk management processes.”
Andreas Hug, chief operating officer of SunGard’s Ambit Risk & Performance Management business unit, said, “SunGard’s Ambit Credit Risk Management helps banks increase the strength of their risk-adjusted performance analytics. From assessing the creditworthiness of loans and enhancing the bank’s relationship management capabilities, to helping improve transparency into the loan portfolio, the solution suite helps banks better understand their risk and make more informed lending decisions.”
About Hancock Holding Company
With assets of approximately $20 billion, Hancock Holding Company, Inc., (Nasdaq: HBHC) is the parent company of Hancock Bank and Whitney Bank, institutions founded more than a century ago on ideals of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility.
The company operates almost 300 full-service bank branches and nearly 400 ATMs across a Gulf South corridor spanning South Mississippi; southern Alabama; south central Louisiana; the northern, central, and Panhandle regions of Florida; and metropolitan Houston, Texas. The Hancock Holding Company financial services family also includes Hancock Investment Services, Inc.; Hancock Insurance Agency and its divisions of J. Everett Eaves and Ross King Walker; Magna Insurance Company; Southern Coastal Insurance Agency, Inc.; corporate trust offices in Gulfport and Jackson, Miss., New Orleans and Baton Rouge, La., and Orlando, Fla.; and Harrison Finance Company.
Investors and customers can access more information about Hancock Holding Company, Hancock Bank, and e-Banking at http://www.hancockbank.com. Details about Whitney Bank and online banking are available at http://www.whitneybank.com.
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 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher 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 about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com
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