Private bank Banque Internationale à Luxembourg (BIL) has selected SunGard’s Ambit credit management solution to help drive digital banking strategy.
The technology vendor said that its solution will provide the private bank with increased automation of the credit processing lifecycle, from pre-origination, origination and decision-approval process workflows to collateral and collection management, limit management, credit assessments, bank policy compliance and regulatory reporting as well as provisioning.
Under the deal, SunGard will also provide BIL with a customized rating model for commercial real estate, as well as risk advisory services, in order to calibrate the model and support the homologation process with the local regulator.
BIL chief of finance & risks Pierre Malevez said: "As part of its strategic approach, BIL is seeking ways to leverage technology in order to strengthen its business and relationships with its clients.
"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," Malevez added.
SunGard president of risk & compliance solutions Craig Costigan said: "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."