According to the firm, it will utilize Ambit due to its efficient credit processing, enhanced relationship management capacities, increased better visibility into financing portfolio and meet the requirements established by the Basel II/III regulations.
Jordan Dubai Islamic Bank deputy chief executive officer and chief risk officer Ahmed Abdullah said JDIB has the opportunity to establish a comprehensive risk management system that will help it to meet its 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," Abdullah added.
The new offering will also assist JDIB to deploy uniform risk rating models, especially for its corporate and small and medium enterprise (SME) clients.
The SunGard solution has been integrated with ‘strategy screens,’ for better client relationships, leveraging the bank to enhance face-to-face client interactions, claims the service provider.
The credit portfolio monitoring system will analyze portfolio trend, concentration analysis, portfolio stress testing and portfolio reporting in order.
To examine and monitor credit risk across various portfolios and sub-portfolios, Ambit credit portfolio monitoring system will carry portfolio trend analysis, concentration analysis, portfolio stress testing and portfolio reporting.
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks, which supports front-, middle- and back-office operations, as well as solutions for financial management, risk and performance.
