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Noor Islamic Bank Implements SunGard Ambit Reconciliation & Exception Management

Noor Islamic Bank (NIB) has deployed SunGard’s Ambit Reconciliation & Exception Management solution to support its volume growth.

Ambit Reconciliation & Exception Management solution will automate the matching and reconciliation process across NIB’s cash nostro and cards business. It will also help the bank’s financial decision-making capabilities by providing accurate reconciled data for cash flow products across its operations.

The added transparency into its operations and improved process efficiency, as well as the scalability of the Ambit solution, will help Noor Islamic Bank to increase its competitive advantage in the region.

Jan Kirchhoff, chief information officer at Noor Islamic Bank, said: “Noor Islamic Bank sees SunGard Ambit as a partner, rather than a vendor, that will help us to maintain our competitive edge.”

Dave Barrett, chief operating officer of Ambit corporate banking business unit at SunGard, said: “Efficient reconciliation and exception management is becoming increasingly important as banks look to expand their operations. Banks like Noor Islamic Bank can rely on SunGard’s Ambit to help improve their ability to serve customers, support growing volumes and increase efficiencies and transparency in operations.”