Banco Leon, a leading commercial bank in the Dominican Republic, has selected SunGard's Ambit Treasury Management* to help it streamline its treasury operations, improve risk management and support business growth.
With Ambit Treasury Management, Banco Leon will implement a more automated and integrated environment, helping it increase end-to-end processing efficiency, improve reporting and control, and enhance risk management across the enterprise.
Ambit Treasury Management will help Banco Leon centralize front-to-back-office treasury operations and will provide support for multiple asset classes and transaction volume growth. This will help the bank more easily extend services to clients as its business expands. Initially, Banco Leon will use Ambit Treasury Management for its fixed income business. Ambit Treasury Management will also help the bank monitor and manage credit, market and operational risk exposures.
Carlos Marranzini, vice president of treasury at Banco Leon, said, "We selected SunGard because of the strength of the Ambit solution suite, its deep industry expertise and its reputation for delivering high levels of customer service. SunGard's Ambit Treasury Management provides scalable and proven infrastructure for all front, middle and back-office treasury functions that will help us obtain a consistent view of our business, provide support for multiple asset classes and improve risk management to support our growth objectives."
Andreas Hug, chief operating officer for SunGard's Ambit Treasury Management business unit, said, "Ambit Treasury Management will help Banco Leon automate its treasury operation while providing broad instrument coverage with real-time visibility into cash and risk positions. This will help the bank offer a comprehensive service to their clients and grow its business while helping improve risk management."
* Ambit Treasury Management is a solution suite for tier 2-4 banking organizations, and incorporates SunGard's Quantum solution.