UK Asset Resolution moves to SunGard Ambit

Source: SunGard

UK Asset Resolution Limited (UKAR), the holding company established to combine the government-owned businesses of Bradford & Bingley plc (B&B) and NRAM plc, has replaced its treasury and risk platform with SunGard’s Ambit Treasury Management solution.

SunGard’s solution is helping UKAR to integrate two distinct businesses into a consolidated infrastructure and provide a single view of treasury and risk.

An existing user of SunGard’s balance sheet risk solutions, UKAR is using SunGard’s Ambit Treasury platform integrated with Ambit Asset Liability Management (ALM). This provides UKAR with a comprehensive framework for balance sheet management, and brings together treasury and finance operations with liquidity and risk management.

The solution helps streamline treasury operations by integrating dealing, funding, position management and risk assessment of multiple asset classes into one system.
It helps UKAR automate transaction flows across the front, middle and back offices, reduce manual processes, and gain a complete and accurate view of credit and market risk exposure. In addition, UKAR can leverage consolidated risk and position management tools to help reduce operational risk. UKAR is using the SunGard solution in a managed services environment to help retain focus on core competencies and control operating costs.

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