The solution will help automate Arqaam’s reconciliations process across asset classes.
SunGard said its Ambit Reconciliation solution will help provide matching coverage for cash and treasury including cash positions, FX, nostro accounts and internal accounts as well as for securities including positions, movements, confirmations and statements across all asset classes.
This will help streamline operations and increase cost savings by identifying costly exceptions early on.
The solution will also provide a dashboard for consolidated actionable views across all asset classes, business lines and geographies, which will help reduce operational risk and provide greater control and increased governance, said SunGard.
Arqaam Capital COO Dennis Wijsmuller said with SunGard’s Ambit Reconciliation solution, they have an automated solution for real-time matching and reconciliation. In addition to the impressive functionality and ease-of-use of the solution, SunGard’s support infrastructure in the Middle East was a critical factor in our selection.
