Ithmaar Bank is to implement SunGard’s Ambit Risk & Performance Management solution.

This will give the Bahrain-based Islamic retail bank a more detailed and centralised view of risk and liquidity across its different business areas. It will use the solution for multi-dimensional analysis of the balance sheet, liquidity risk management, funds transfer pricing, profitability analysis and market risk management. It will also help the bank perform capital computation and consolidation across credit, market and operational risks. Additionally, Ambit will provide analytics and reporting to help Ithmaar Bank capture operational risk issues, control internal sign-off and measure the economic impact of risks.

Mohammed A. Rahman Bucheerei, chief executive officer and member of the board at Ithmaar Bank, comments: “SunGard’s Ambit Risk & Performance Management will help us more efficiently manage our increasingly complex risk profile, as our business expands and stricter regulations come into force. Ambit will help us implement a best practice approach, helping us ensure that we are prudent in our decision-making, yet strategic for maximised returns. We selected SunGard because of the strength of the Ambit solutions, its deep industry expertise and the strong implementation and support infrastructure that SunGard has in place in the Middle East.”

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