Yorkshire Building Society taps SunGard for its Ambit Asset Liability Management service

Ambit ALM is an integrated risk management service that facilitates multi-dimensional analysis of the balance sheet. The service’s implementation has been expanded across the organization including Chelsea Building Society (CBS), its recently acquired company. YBS will be able to consolidate the commercial and residential businesses of the two firms onto a single balance sheet and gain understanding of interest rate risk for the group.

Via Ambit ALM, YBS will create a risk measurement and pricing system that is consistent with market-based pricing mechanisms. In addition, Ambit ALM will also assist with YBS model customer behavior, business strategy, interest rate scenarios and other economic variables.

SunGard serves 25,000 customers in 70 countries and provides software and processing applications for financial services, higher education and the public sector. It also offers disaster recovery services, managed IT services, information availability consulting services and business continuity management software.