Grupo Financiero Interacciones implements SunGard Ambit for asset liability management

Source: SunGard

Grupo Financiero Interacciones, a leading financial services provider in Mexico and a long standing customer of SunGard's Ambit Operational Risk Management solution, has implemented SunGard's Ambit Asset Liability Management (ALM) solution to help improve balance sheet management, enhance profitability, mitigate interest rate and liquidity risks and comply with impending Basel III regulations.

Grupo Financiero Interacciones is using Ambit to perform static and dynamic asset liability management, and in-depth profitability analyses, identify and simulate strategies that minimize the cost of and exposure to liquidity risk as well as automate the calculation process for funds transfer pricing (FTP). SunGard's complete solution is helping the bank accurately and efficiently measure funds transfer prices and perform complete multi-dimensional analysis of its balance sheet to help it clearly evaluate the drivers of net interest income, comply with regulations and improve risk management.

Leonard Katz, balance sheet manager, Grupo Financiero Interacciones, said, "Thanks to SunGard's deep industry expertise and delivery excellence, we were able to go live on Ambit ALM within a demanding time frame and within budget. SunGard's modular and integrated solution for asset liability management, liquidity risk, funds transfer pricing and profitability analysis has helped us establish a comprehensive risk management system to help us meet regulatory requirements and better manage our balance sheet, performance and liquidity."

Alwin Meyer, chief operating officer of SunGard's Ambit Risk & Performance Management business unit, said, "Comprehensive risk management strategies are becoming increasingly essential for both compliance with exigent regulations and strategic decision making. With SunGard's Ambit ALM solution, financial institutions like Grupo Financiero Interacciones can establish an integrated approach to measure and manage a full spectrum of risk across the enterprise, helping them reduce costs, improve the quality of risk information, meet regulatory requirements, and allocate capital more efficiently."

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