Docstoc

Press Release - SunGard Launches Ambit

Document Sample
Press Release - SunGard Launches Ambit Powered By Docstoc
					For more information, contact:

Asia Pacific                       Europe                           US
Mavis Liew                         Toby West                        Adriana Senior
Tel +65 6335 3522                  Tel: +44 (0) 20 8081 2426        Tel: +1 718 578 1130
email: mavis.liew@sungard.com      email:toby.west@sungard.com      email: adriana.senior@sungard.com


                                SunGard Launches Ambit

                          Unveils New Banking Software Strategy
London/Singapore, April 23, 2008 – SunGard (http://www.sungard.com) today announced the
launch of Ambit, a new brand and a new software strategy for its banking solutions for retail,
commercial and private banks. SunGard’s Ambit brings together the technology of a range of
SunGard solutions and the experience of a global team of industry experts that already serve
more than 800 banks in 70 countries, including 41 of the world’s top 50 banks*. Ambit provides
banking professionals with software solutions that support front-, middle- and back-office
operations,   as   well   as     solutions   for   financial   management,   risk   and   compliance
(http://www.sungard.com/ambit).


SunGard’s extensive customer base in banking has helped it to understand banks’ common
requirements as they try to build the bank of the future. Inflexible legacy systems, competition
from new entrants, and new demands from customers to access their data anytime, anyhow are
driving banks to look for new, strategic technology initiatives to help them renew and upgrade
their core banking systems.        Adopting a service-oriented architecture (SOA) approach and
streamlining their business processes are objectives that many banks are seeking to achieve.


Ken Dummitt, president of SunGard’s banks & corporations business, commented: “Our
customers have told us that we can help them achieve their business objectives by doing three
things: reduce the number of systems that underpin their business; improve the flexibility and
extensibility of the systems that remain; and reduce the number of software vendors they use.
Ambit gives banks a way to address each of these objectives; it creates an easier way for retail,
commercial and private banks to do business with SunGard.”


Ambit’s functionality covers areas such as: core banking; customer service management; multi-
channel and branch delivery; card management; reporting and document management;
asset/liability management; treasury; liquidity and wealth management; economic capital; Basel II;
market and credit risk management and business process management (BPM). It is comprised of
business processes and functionality from the following SunGard solutions: Apsys; BancWare;
AvantGard; STeP and System Access.


Ambit makes use of SunGard’s Infinity**, a software development environment, business process
management platform and on-demand software-as-a-service delivery mechanism. This
environment provides the infrastructure for creating, registering, developing, integrating,

                                                                                            MORE…
CONT…                                                                                      Page 2 of 3



deploying, running and managing SunGard’s Ambit applications as software services. At present,
Ambit is able to offer solution bundles and integration between point solutions, delivering a more
seamless user experience. With Infinity, Ambit will evolve towards full product integration and
component re-use. Customers will be able to use SunGard’s banking software assets by
orchestrating business requirements across applications, as well as integrating Ambit
components with their own proprietary or third-party applications.


Suzanne Sisolak, group vice president, global banking solutions at SunGard, commented: “More
than 800 banks in 70 countries already benefit from our understanding of their unique business
processes. The launch of Ambit comes from listening to these customers about how they want to
build the bank of the future. We are changing from solving small parts of our customers’ problem
to solving their biggest technology problem.         Ambit allows SunGard to be a transformation
partner for our customers on their journey to becoming bank of the future.”


*source: The Banker Top 1000 World Banks, 2007



** SunGard is pursuing a visionary initiative to transform some of the key functionality of its core
systems into components to form a new software development and on-demand delivery
environment called Infinity. Infinity will help financial institutions to develop and deploy custom
applications, integrating SunGard components with their own proprietary or third party
components. Infinity uses SunGard's Common Services Architecture (CSA), a service-oriented
architecture (SOA) development framework, offering business process management (BPM) and a
virtualized, software-as-a-service (SaaS) infrastructure.


                                                 – END –

Notes to Editors:

A press kit supporting this announcement can be found at:
www.sungard.com/news/ambit_press_kits

A webinar for journalists on the above announcement will be held on April 24, 2008 at 10am EDT
and 10pm EDT. For dial in details and further information, please see below.

April 24, 2008 at 10am EDT
Please register at: https://sungard.webex.com/sungard/j.php?ED=107732882&RG=1


April 24, 2008 at 10pm EDT
Please register at: https://sungard.webex.com/sungard/j.php?ED=107732962&RG=1


About SunGard Ambit
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides
banking professionals with solutions that support front-, middle- and back-office operations, as
well as solutions for financial management, risk and compliance. Ambit helps banks improve

                                                                                                 ENDS
CONT…                                                                                                    Page 3 of 3



customer service management, streamline business processes, comply with regulations and
capture growth opportunities. For more information, visit www.sungard.com/ambit.


About SunGard
With annual revenue of $5 billion, SunGard is a global leader in software and processing solutions
for financial services, higher education and the public sector. SunGard also helps information-
dependent enterprises of all types to ensure the continuity of their business. SunGard serves
more than 25,000 customers in more than 50 countries, including the world’s 50 largest financial
services companies. Visit SunGard at www.sungard.com .

Trademark Information: SunGard, the SunGard logo, Ambit, Apsys, AvantGard, BancWare, Infinity, STeP and System
Access are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other
countries. All other trade names are trademarks or registered trademarks of their respective holders.




                                                                                                                ENDS

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:6
posted:2/14/2012
language:English
pages:3