Hancock Holding Company (HBHC), a commercial bank holding company offering personal and business banking services with over US$ 20 billion in assets, has selected SunGard's Ambit Credit Risk Management solution suite.
The bank will use Ambit Credit Assessment for comprehensive credit risk assessment and Ambit Credit Portfolio Monitoring for real-time monitoring of risk across Hancock Holding Company's various portfolios and sub-portfolios. The solution will help Hancock improve credit risk analytics for enhanced asset quality forecasting.
SunGard's Ambit Credit Risk Management will help the bank streamline its approach to assessing the creditworthiness of commercial lending products including Commercial & Industrial (C&I), Commercial Real Estate (CRE) and small business loans. This will help the bank improve underwriting efficiency and enterprise-wide risk management. The solution suite will also facilitate the consolidation of disparate data sources, and apply an integrated risk rating framework for better visibility into the loan portfolio. Finally, Ambit Credit Risk Management will enhance the bank's relationship management capabilities to help make it easier for Hancock to take advantage of cross selling opportunities.
Hancock senior vice president and senior credit administration officer, Mike Dickerson, said, "Hancock's selection of SunGard's Ambit Credit Risk Management helps the bank implement greater credit portfolio control and analytics. Ambit Credit Assessment and Ambit Credit Portfolio Monitoring will facilitate a holistic, standardized approach to enhanced portfolio analytics, real-time multiple variable stress testing, loan approvals, and ongoing credit compliance within the company's commercial line of business. This investment represents Hancock's ongoing commitment to growing the company safely while fostering upside scalability and confidence in our credit risk management processes."
Andreas Hug, chief operating officer of SunGard's Ambit Risk & Performance Management business unit, said, "SunGard's Ambit Credit Risk Management helps banks increase the strength of their risk-adjusted performance analytics. From assessing tthe creditworthiness of loans and enhancing the bank's relationship management capabilities, to helping improve transparency into the loan portfolio, the solution suite helps banks better understand their risk and make more informed lending decisions."