Ambank Group
Ambank Group adopts Bloomberg’s Trade Order Management Solutions (TOMS) and Bloomberg Enterprise IPaaS to improve system integrations to help the trading desk improve governance and get the information needed to ensure trades could be done efficiently and accurately.
The new workflow improved efficiency all around, yielding both tangible and intangible benefits cost-effectively.
Situation
Ambank Group is a diversified financial services group with business in wholesale banking, investment banking and related financial services, including Islamic banking insurance, investment advisory, and more. Its Treasury and Markets group has been growing rapidly by expanding its range of products and services. The group went from contributing 13% of the company’s bottom line in 2019 to 57% in 2021. The group needed to integrate and improve workflows to support the group’s fast growth better.
Wanted better system integrations to help the trading desk improve governance
Needed to get the information needed to ensure trades could be done efficiently and accurately
Problem
Ambank’s Treasury and Markets group is the fastest-growing division in terms of profitability, but its growth was hindered by disconnected workflows that couldn’t keep up with the rapid business growth and expanding trade flows.
Reliance on data that flowed through the different front office, middle office, and operations systems
Disjointed workflows couldn’t keep up with the expanding trade flow
Solution
Bloomberg Trade Order Management Solutions (TOMS) allows Ambank’s trading desk to make decisions with speed and efficiency with global, multi-asset solutions for front-end inventory, trading, and middle-and back-office operations.
Bloomberg Enterprise IPaaS helped Ambank’s group design, build and manage connectivity among its various applications, data sources, third-party providers and service bureaus. IPaaS connects thousands of different systems. and manages high volumes of daily data messages globally. The platform offers the scale and reliability needed by large financial institutions.
Bloomberg’s TOMS and Enterprise IPaaS highlights
Better control over their portfolios with turnkey access to execution, trade matching, regulatory reporting and settlement.
No more manual cross-checks of disjointed data sets on multiple systems.
Ability to download reports tracking everything for proper audit trails
With easy-to-use Bloomberg Trade Order Management Solutions (TOMS) and Enterprise IPaaS, Ambank’s Treasury and Markets trading desk now has a workflow that allows the team to make trading decisions more quickly.
Benefits
Better integration and efficiency
Simplified process management
Faster execution, greater accuracy, enhanced control