More NewsJordan Dubai Islamic Bank Selects SunGard’s Ambit Credit Risk Management Suite

Jordan Dubai Islamic Bank Selects SunGard's Ambit Credit Risk Management Suite

Jordan Dubai Islamic Bank (JDIB), a full-fledged Islamic bank based in Jordan, has selected SunGard’s Ambit for credit assessment and credit portfolio monitoring to help lay the foundation for risk-based decision-making and pricing, and for improved capital and credit risk management. The bank will use Ambit to help improve the efficiency of its credit process, enhance its relationship management capabilities, gain better visibility into its financing portfolio and comply with requirements laid out by the Basel II/III regulations.

Ambit Credit Assessment will help JDIB standardise its spreading and credit assessment processes and deploy uniform risk rating models, particularly for its corporate and small and medium-sized enterprise (SME) clients. The solution will also help the bank enhance face-to-face client interactions via ‘strategy screens’, helping to nurture client relationships in line with the core Islamic finance principle of ‘partnership’, and thereby helping reduce relationship risk.

Ahmed Abdullah, deputy chief executive officer (CEO) and chief risk officer (CRO) for JDIB, said: “As a relatively young bank, JDIB has the opportunity to establish a comprehensive risk management system that will help us meet our profitability objectives while maintaining prudent financing standards and appropriate capital adequacy. SunGard’s Ambit credit risk management solution suite will help us make better informed decisions about credit worthiness at the initial stages of client evaluation, estimate the impact of both internal and external factors on the risk around our portfolio, and subsequently determine the risk associated with our financing portfolio to our short and long term profitability.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

3m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi