The bank plans to use the SunGard solutions to help improve the efficiency of its credit process, enhance relationship management capabilities, gain better visibility into its loan portfolio and assist in meeting the stress testing requirements laid out in the Dodd Frank Act.
According to the SunGard, the Ambit Credit Assessment and Ambit Credit Portfolio Monitoring will help the bank improve its ability to regularly perform systematic underwriting, loss forecasting and stress testing of its commercial and industrial and commercial real estate portfolios.
The bank is a long term user of SunGard’s Ambit Risk & Performance Management solutions.
Susquehanna Bancshares executive vice president and chief credit officer Michael Quick said we believe that Ambit Credit Assessment and Ambit Credit Portfolio Monitoring, used in conjunction with Ambit’s risk consulting services, will help the bank improve its risk adjusted profitability.
"This will ultimately allow us to make faster and better decisions, which is not only good for us but also for our customers. It will also provide additional data and insight for use during regulatory reviews." Quick said.
