Noor Islamic Bank Deploys SunGard’s Ambit Reconciliation and Exception Management Solution to Support Volume Growth

Published April 29th, 2010 - 09:22 GMT

Noor Islamic Bank PJSC (NIB), a leading Islamic bank in the United Arab Emirates, has deployed SunGard’s Ambit Reconciliation & Exception Management solution to support its volume growth. 


Ambit Reconciliation and Exception Management will help Noor Islamic Bank to meet its growing volume requirements by automating the matching and reconciliation process across its 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 of Noor Islamic Bank, commented, “Our previous reconciliation system placed limitations on our ability to grow. SunGard is a recognized leader in reconciliation solutions, and with Ambit Reconciliation & Exception Management solution we are now able to reconcile data accurately and efficiently and keep up with our growing volumes. Noor Islamic Bank sees SunGard Ambit as a partner, rather than a vendor, that will help us to maintain our competitive edge.”


Wissam Khoury, Managing Director, SunGard Financial Systems Middle East said, “ Advanced reconciliation and exception management solutions are essential for any institution aiming for growth and efficient operations.  We are proud to partner with Noor Islamic Bank to help implement the set vision by providing our Ambit Solutions that improves efficiency, robustness, and client servicing in a secure and transparent environment. SunGard continues to strive and invest in the Middle East region extending its support to serve financial institutions in the region across its multiple solutions”




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