AIB Philippines Selects SunGard's Ambit Treasury Management to Support Business Growth
MANILA, Philippines, March 7, 2012 /PRNewswire-Asia/ -- Amalgamated Investment Bancorporation (AIB), an investment house which has been operating in the Philippines since 1998, has selected SunGard's Ambit Treasury Management (Note 1) to help streamline its treasury operations and support new growth opportunities. By moving to a fully-automated environment, Ambit Treasury Management will assist the institution as its client portfolio grows, helping it increase end-to-end processing efficiency, improve reporting and enhance risk management.
AIB services both institutions as well as high net worth clients, and its adoption of Ambit Treasury Management will help it provide the extensive instrument coverage required to deliver quality services to its client base. Initially, AIB will use Ambit Treasury Management to manage its cash and fixed income activities. SunGard's solution will also provide full back office accounting and cash management functionality and support the bank's requirements for regulatory reporting.
The senior AIB officer in charge of the transformation said, "We selected SunGard because of the strength of the Ambit solution suite, its deep investment banking expertise and the strong support infrastructure that SunGard has in place in the Philippines. SunGard's Ambit Treasury Management provides a scalable and proven infrastructure for all middle- and back-office treasury functions that will help deliver a consistent view of our business across asset classes and improved risk management in support of our growth objectives."
Andrew Woods, executive vice president for SunGard's Ambit Treasury Management business unit, said, "SunGard's Ambit Treasury Management will help AIB automate its treasury operation, improving existing systems and current manual processes. The solution will help enhance AIB's ability to forecast both known and projected cash flows based on real-time data as well as help improve transparency with real-time risk reporting."
Note 1: Ambit Treasury Management incorporates SunGard's Sierra/Quantum solution.
About Amalgamated Investment Bancorporation
Amalgamated Investment Bancorporation (AIB) obtained its license to operate as an investment bank on December 10, 1997. AIB started commercial operations in January 1998. AIB is a Joint Venture between Philippine and Singaporean business interests. Its two major business units are the Investment Banking & Capital Markets group and the Treasury & Sales group. AIB also owns a 70% stake in Makati Finance Corporation. The Treasury and Sales group provides yield and liquidity alternatives involving fixed-income and alternative investment securities to high-net-worth individuals as well as institutions in various points in the risk-return spectrum. AIB matches the liquidity needs of its clients with investment-grade liquidity products in the capital market. For more information about AIB, visit http://www.aib.com.ph.
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 www.sungard.com/ambit.
About SunGard
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 US$4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us wherever the mission is critical. For more information, please visit www.sungard.com( http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sungard.com%2F&esheet=50141353&lan=en-US&anchor=www.sungard.com&index=4&md5=ef299a59551cb22814041d78a574c2d5 ).
Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
SOURCEï¹›SunGard