The solution will allow the bank to have a detailed and centralized view of risk and liquidity throughout its different business areas to deliver banking products and services to its clients.
The solution will be utilized by the bank for multi-dimensional analysis of the balance sheet, liquidity risk management, funds transfer pricing, profitability analysis and market risk management.
With the help of the solution, the bank will perform capital computation and consolidation across credit, market and operational risks.
The solution will also provide analytics and reporting to help the bank capture operational risk issues, control internal sign-off and measure the economic impact of risks.
Ithmaar Bank CEO and member of the board Mohammed Rahman Bucheerei said that SunGard’s Ambit Risk & Performance Management will help the bank more efficiently manage its increasingly complex risk profile.
"Ambit will help us implement a best practice approach, helping us ensure that we are prudent in our decision-making, yet strategic for maximized returns," Bucheerei said.
