15 December 2017
visit www.aciworldwide.com

Mexican banks choose SunGard for operational risk management

08 May 2009  |  5317 views  |  0 Risk

Following recent regulatory changes in the country, a group of Mexican banks have signed up for SunGard's operational risk management technology.

Invex Servicios Corporativos, DE CV Invex Grupo Financiero, Banco Regional de Monterrey, Institución de Banca Múltiple, Banregio Grupo Financiero, Banco Monex, Institución de Banca Múltiple, Monex Grupo Financiero, Banco Autofin Mexico, Institución de Banca Múltiple and Banco ve por Mas, have all signed for the vendor's Ambit Risk & Performance platform.

SunGard says Ambit will help the banks identify, quantify and manage operational risk as well as comply with Basel II regulatory requirements. The system will provide them with enterprise-wide loss event tracking and management reporting tools to improve operational efficiency and control risk exposure.

Ana Cecilia Reyes Esparza, president, OpRisk Committee, Mexican Banks Association, says: "We believe that by adopting better operational risk principles and practices, we can manage our economic capital more efficiently. SunGard's Ambit Risk & Performance solution provides a platform to help us accomplish this."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard CEO Conde strikes confident note on solid Q4

SunGard CEO Conde strikes confident note on solid Q4

20 February 2009  |  8349 views  |  0 comments
Mexico's Compartamos Banco live with Oracle AML technology

Mexico's Compartamos Banco live with Oracle AML technology

12 September 2008  |  5841 views  |  0 comments
SunGard introduces Ambit banking software framework

SunGard introduces Ambit banking software framework

24 April 2008  |  12726 views  |  0 comments
Banks failing to manage IT risk - study

Banks failing to manage IT risk - study

28 February 2008  |  10849 views  |  0 comments
Credit crisis to spur op risk IT spending - Datamonitor

Credit crisis to spur op risk IT spending - Datamonitor

01 February 2008  |  12647 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.aciworldwide.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10299 views comments | 17 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9569 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9040 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7646 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7259 views comments | 15 tweets | 24 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job