Thailand's TMB taps SunGard Ambit for risk management

Source: SunGard

TMB Bank Public Company Limited (TMB), the sixth largest bank in Thailand, has selected SunGard's Ambit Risk & Performance Management solution to help measure and manage its market and liquidity risk more efficiently.

The solution will provide TMB's risk managers with more accurate and detailed data and analysis, helping them to better understand the impact of market changes on the balance sheet and make more informed business decisions.

Ms Oranuj Tantimedh, head of market risk at TMB Bank, said, "Risk management continues to play a critical role in our business, particularly following Thailand's financial crisis in 1997 and the most recent global financial crisis in 2008. SunGard's Ambit Risk & Performance Management solution will help TMB improve the management of capital, risk and business performance, thereby helping to ensure sustainable business continuity."

Andreas Hug, group vice president for SunGard's Ambit Risk & Performance Management business unit, said, "Effective management of risk and performance are crucial for banks to establish more strategic risk management practices and gain or sustain a competitive advantage. SunGard's Ambit Risk & Performance solution provides integrated risk management that facilitates complete multi-dimensional analysis of the balance sheet, and detailed modelling on a wide range of variables quickly and accurately."

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