Liberty Bank, a Connecticut-based mutual bank, has chosen SunGard’s Ambit BancWare Risk & Performance Management solution to help enhance its risk reporting and analysis. The solution will help Liberty Bank to achieve a clearer view of risk levels and an improved understanding of performance drivers across all aspects.
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front- middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities.
SunGard said that, 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, said: “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.”
Andi Hug, group vice president of Ambit BancWare risk and performance business unit at SunGard, said: “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.”
As a full-service financial institution, Liberty offers consumer and commercial banking, home mortgages, insurance, and investment services.
SunGard is a global software and IT services company. SunGard provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.