Daimler Financial Services Selects SunGard's Ambit ALM
Daimler Financial Services has selected SunGard’s Ambit Asset Liability Management (ALM) solution. Ambit ALM will help Daimler Financial Services establish integrated and standardised methodologies for ALM and liquidity risk management across its global operations and comply with global regulations such as Basel III.
Daimler Financial Services provides a range of services including financing, leasing, motor insurance and banking. It will deploy Ambit ALM as a centralised system across its international subsidiaries network. Ambit ALM helps companies perform consolidated, multi-dimensional analysis of the balance sheet and manage exposure to liquidity risk.