Hancock Holding Company (HBHC), a commercial bank holding company, has selected SunGard’s Ambit Credit Risk Management solution suite. The bank will use Ambit Credit Assessment for credit risk assessment and Ambit Credit Portfolio Monitoring for real-time monitoring of risk across HBHC’s various portfolios and sub-portfolios. The solution will help Hancock improve credit risk analytics for enhanced asset quality forecasting.
SunGard’s Ambit Credit Risk Management will help the bank streamline its approach to assessing the creditworthiness of commercial lending products including commercial and industrial (C&I), commercial real estate (CRE) and small business loans. This will help the bank improve underwriting efficiency and enterprise-wide risk management. The solution suite will also facilitate the consolidation of disparate data sources, and apply an integrated risk rating framework for better visibility into the loan portfolio. Finally, Ambit Credit Risk Management will enhance the bank’s relationship management capabilities to help make it easier for Hancock to take advantage of cross-selling opportunities.
Hancock senior vice president (SVP) and senior credit administration officer (CAO), Mike Dickerson, said: “Hancock’s selection of SunGard’s Ambit Credit Risk Management helps the bank implement greater credit portfolio control and analytics. Ambit Credit Assessment and Ambit Credit Portfolio Monitoring will facilitate a holistic, standardised approach to enhanced portfolio analytics, real-time multiple variable stress testing, loan approvals, and ongoing credit compliance within the company’s commercial line of business. This investment represents Hancock’s ongoing commitment to growing the company safely while fostering upside scalability and confidence in our credit risk management processes.”
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