Liberty Bank, Connecticut's oldest mutual bank with more than $3 billion in assets, has chosen SunGard's Ambit BancWare Risk & Performance Management solution to help enhance its risk reporting and analysis.
The solution will help Liberty Bank access its data more quickly and efficiently, helping it achieve a clearer view of risk levels and an improved understanding of performance drivers across all aspects of the bank.
Following a review of all its existing IT systems, Liberty Bank decided that it needed a new risk and performance management solution that would meet its scalability requirements and consolidate risk management and profitability operations onto a single integrated platform. Ambit BancWare‘s integrated asset-liability management, profitability and budgeting functions will help Liberty Bank improve its overall balance sheet management, profitability and forecasting analysis.
Kathy Doucette, treasurer at Liberty Bank, commented, "We required a risk and performance solution that would provide us with the ability to efficiently access and analyze our data. After an extensive vendor review process we decided that SunGard's Ambit BancWare solution provides Liberty Bank with a fully integrated and flexible solution that can be implemented quickly. We look forward to leveraging flexible, in-depth reporting across our entire business, which will help us make better strategic decisions."
Andi Hug, group vice president for SunGard's Ambit BancWare Risk & Performance business unit, commented, "We are confident that our Ambit Bancware solution will provide Liberty Bank with the sophisticated, timely reporting capabilities it seeks. The flexible and scalable architecture of the Ambit BancWare Risk & Performance Management solution will help Liberty Bank focus on improving profitability and enhancing its banking strategy, now and in the future."