Luxembourg credit management mandate for SunGard 17 November 2015Luxembourg Reporter: Stephanie Palmer
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Banque Internationale à Luxembourg (BIL) has signed up to SunGard’s Ambit credit management solution in a bid to drive its digital banking strategy.
The solution is intended to help the bank improve its client service and the long-term efficiency of its credit activities and lending processes. It will also provide an end-to-end credit management solution, further automating the credit processing lifecycle.
Pierre Malevez, chief of finance and risks at BIL, said: “Our selection of SunGard’s single credit risk platform will help us to better integrate our credit and lending activities into our strategic decision-making by giving our management more visibility and control over our portfolio, while helping us achieve faster time-to-market with new credit products.”
Craig Costigan, president of SunGard’s risk and compliance solutions, added: “With convenience and responsiveness at the heart of the banking relationship, consumers’ expectations for service are at an all-time high.”
“Increasing efficiency and productivity throughout the process will allow BIL to enhance its client relationship management strategies across the credit lifecycle while helping it maintain greater control over credit-related processes and reduce operational and compliance risk.”
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