14 December 2012

AmBank Group selects the High Performance IMS Suite for Message Hub Needs AmBank Group today announced the deployment of ECS Fin Integrated Messaging Services (IMS) Suite to manage its payment and messaging infrastructure.

The IMS Suite is a portfolio of solutions which helps automate payment, cash management, trade finance and securities processing within an organisation. It also wraps these processes around an advanced data warehouse and reporting tool in order to provide best in breed business intelligence to customers.

ECS Fin is the company which produces the IMS Suite. It is a solutions company which provides unique products for corporate treasurers and financial institutions. “The performance and stability of the IMS Suite of products has been consistent with our high expectations and we are seeing immediate gains in operational efficiency, customer service and cost savings. The return on investment of the IMS product meets our expectations and we are pleased to explore other potential solutions within the IMS Suite for other core needs within the bank,” said Mr Ross Foden, Group Chief Operating Officer, AmBank Group.

Looking for the right system and business partner, the AmBank Group identified IMS for its flexible architecture and state of the art technology and choose IMS Payments in order to gain efficiency around its messaging capabilities areas in a secure and organised manner.  “Although we spent more than a year in scrutinizing vendors and evaluating products, within the first month of our project cycle, ECS has proved their credibility to us and we were more than convinced that we made the right choice” said Mr Freddy Khoo, Head of Treasury Operations,
AmBank Group.

The Chief Executive Officer of ECS Financials, Mr Jacob Aruldhas added, “AmBank provides best service in retail banking and institutional services to its customers. We believe that IMS will further improve their operational efficiency and position them to grow their business in the coming years. This really underscores the effectiveness of the IMS platform. “The AmBank Group is one of Malaysia’s premier financial services group with leadership positions in the retail banking, investment banking, business banking, Islamic banking and insurance sectors. With an established history and a track record of customer focus and innovation, the AmBank Group continues to serve its customers with a wide range of innovative products and services. About AmBank Group
Established in August 1975, AmBank Group is one of the largest banking groups in Malaysia by market capitalisation and comprises AMMB Holdings Berhad and its subsidiaries – AmInvestment Bank, AmBank (M) Berhad, AmIslamic Bank and AmAssurance, consisting of AmG Insurance, AmLife Insurance Berhad and AmFamily Takaful Berhad.

The Group provides a wide range of conventional and Islamic investment banking, commercial banking, retail financing and related financial services, which also include Islamic banking, underwriting of general and life insurance, takaful, stock, share and futures broking, investment advisory as well as asset, property and unit trust management. AmBank Group’s core philosophy incorporates a deep-seated commitment to the satisfaction of its wide range of customers, with numerous customer-driven initiatives woven into all forms of communication and interaction with all customer groups.

The Group is committed to providing new and innovative products and services to its customers with its partnership with Australia and New Zealand Banking Group (ANZ), one of Australia’s leading banks.

For more information, please visit www.ambankgroup.com.

For further information, please contact Syed Anuar Syed Ali, Senior General Manager, Group Corporate Communications & Marketing,
AmBank Group at Tel: 03-20361703 or email at sasa@ ambankgroup.com

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