AIB Philippines Selects SunGard's Ambit Treasury Management
Amalgamated Investment Bancorporation (AIB), an investment house which has been operating in the Philippines since 1998, has selected SunGard’s Ambit Treasury Management to help streamline its treasury operations and support new growth opportunities. By moving to a fully-automated environment, Ambit will help the institution as its client portfolio grows, helping it increase end-to-end processing efficiency, improve reporting and enhance risk management.
AIB services both institutions as well as high net worth clients, and its adoption of Ambit will help it provide the extensive instrument coverage required to deliver quality services to its client base. Initially, AIB will use Ambit to manage its cash and fixed income activities. SunGard’s solution will also provide full back office accounting and cash management functionality and support the bank’s requirements for regulatory reporting.
Andrew Woods, executive vice president (EVP) for SunGard’s Ambit business unit, said: “SunGard’s Ambit Treasury Management will help AIB automate its treasury operation, improving existing systems and current manual processes. The solution will help enhance AIB’s ability to forecast both known and projected cash flows based on real-time data as well as help improve transparency with real-time risk reporting.”